Little Buns Inc 2
EIN: 474477113 · Chicago, IL · NTEE: K40
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $2.2M |
| Net Assets | $36K |
Is Little Buns Inc 2 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Little Buns Inc 2
Little Buns Inc 2 (EIN: 474477113) is a nonprofit organization based in Chicago, IL, classified under NTEE code K40. The organization reported total revenue of $1.9M and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Buns Inc 2's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Buns Inc 2 is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-13,425 |
| Total Assets | $172K |
| Total Liabilities | $136K |
| Net Assets | $36K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 79.3% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Little Buns Inc 2 reported a deficit of $13K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 79.3% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Little Buns Inc 2's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.1% | -19.1% | -61.3% |
| 2022 | -16.5% | -14.8% | +60.5% |
| 2021 | +23.8% | +22.6% | +7.8% |
| 2020 | -8.8% | -9.2% | +8.2% |
| 2019 | -3.8% | -4.2% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Little Buns Inc 2 has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Little Buns Inc 2 with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.3%.
Frequently Asked Questions about Little Buns Inc 2
Is Little Buns Inc 2 a legitimate charity?
Little Buns Inc 2 (EIN: 474477113) is a registered tax-exempt nonprofit based in Illinois. It has 9 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: D.
How does Little Buns Inc 2 spend its money?
Little Buns Inc 2 reported $1.9M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Little Buns Inc 2 tax-deductible?
Little Buns Inc 2 is registered as a tax-exempt nonprofit (EIN: 474477113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Little Buns Inc 2 located?
Little Buns Inc 2 is headquartered in Chicago, Illinois and files with the IRS under EIN 474477113. It is classified under NTEE code K40.
How many years of IRS 990 filings does Little Buns Inc 2 have?
Little Buns Inc 2 has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Little Buns Inc 2 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Little Buns Inc 2's revenue has grown by 224.8%, moving from $663K to $2.2M. Total assets decreased by 29.5% over the same period, from $244K to $172K. Total functional expenses rose by 237.6%, from $641K to $2.2M. In its most recent filing year (2023), Little Buns Inc 2 reported a deficit of $13K, with expenses exceeding revenue. The organization holds $136K in liabilities against $172K in assets (debt-to-asset ratio: 79.3%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $172K | $136K | — | — |
| 2022 | $2.7M | $2.7M | $444K | $395K | — | View 990 |
| 2021 | $3.2M | $3.1M | $277K | $211K | — | View 990 |
| 2020 | $2.6M | $2.6M | $257K | $232K | — | — |
| 2019 | $2.8M | $2.8M | $237K | $220K | — | View 990 |
| 2018 | $2.9M | $2.9M | $240K | $217K | — | View 990 |
| 2017 | $3.0M | $3.0M | $279K | $237K | — | — |
| 2016 | $2.8M | $2.8M | $513K | $471K | — | View 990 |
| 2015 | $663K | $641K | $244K | $223K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $172K (revenue -19.1% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $444K (revenue -16.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.1M, and assets of $277K (revenue +23.8% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.6M, and assets of $257K (revenue -8.8% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $237K (revenue -3.8% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.9M, and assets of $240K (revenue -2.2% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.0M, and assets of $279K (revenue +5.7% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.8M, and assets of $513K (revenue +327.3% year-over-year).
- 2015: Revenue of $663K, expenses of $641K, and assets of $244K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Buns Inc 2:
Data Sources and Methodology
This transparency report for Little Buns Inc 2 is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.