Louisiana Pirate Festival Inc
EIN: 720803112 · Lake Charles, LA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $142K |
| Total Expenses | $12K |
| Net Assets | $41K |
Is Louisiana Pirate Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Louisiana Pirate Festival Inc
Louisiana Pirate Festival Inc (EIN: 720803112) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code S20. The organization reported total revenue of $142K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louisiana Pirate Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louisiana Pirate Festival Inc is a small nonprofit that has been operating for 10 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $12K |
| Surplus / Deficit | +$19K |
| Total Assets | $41K |
| Net Assets | $41K |
| Operating Margin | 61.3% |
| Months of Reserves | 41.4 months |
Financial Health Grade: A
In 2022, Louisiana Pirate Festival Inc reported a surplus of $19K with revenue exceeding expenses, holds 41.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2022), Louisiana Pirate Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -100.0% | +19.6% | -25.7% |
| 2020 | -88.8% | -34.9% | -6.5% |
| 2018 | -121.4% | -3.9% | -92.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Louisiana Pirate Festival Inc 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 Louisiana Pirate Festival Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
Frequently Asked Questions about Louisiana Pirate Festival Inc
Is Louisiana Pirate Festival Inc a legitimate charity?
Louisiana Pirate Festival Inc (EIN: 720803112) is a registered tax-exempt nonprofit based in Louisiana. It has 11 years of IRS 990 filings on record. Total revenue: $142K. No red flags identified. Financial health grade: A.
How does Louisiana Pirate Festival Inc spend its money?
Louisiana Pirate Festival Inc reported $142K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Louisiana Pirate Festival Inc tax-deductible?
Louisiana Pirate Festival Inc is registered as a tax-exempt nonprofit (EIN: 720803112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Louisiana Pirate Festival Inc located?
Louisiana Pirate Festival Inc is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 720803112. It is classified under NTEE code S20.
How many years of IRS 990 filings does Louisiana Pirate Festival Inc have?
Louisiana Pirate Festival Inc has 11 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 $142K in total revenue.
Filing History
IRS 990 filing history for Louisiana Pirate Festival Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Louisiana Pirate Festival Inc's revenue has grown by 285.4%, moving from $8K to $31K. Total assets increased by 215.2% over the same period, from $13K to $41K. Total functional expenses fell by 75.9%, from $50K to $12K. In its most recent filing year (2022), Louisiana Pirate Festival Inc reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $31K | $12K | $41K | $0 | — | View 990 |
| 2021 | $0 | $8K | $22K | $0 | — | — |
| 2020 | $4K | $6K | $30K | $0 | — | View 990 |
| 2019 | $39K | $10K | $32K | $0 | — | View 990 |
| 2018 | $-14,176 | $27K | $3K | $0 | — | View 990 |
| 2017 | $66K | $28K | $44K | $0 | — | View 990 |
| 2016 | $30K | $36K | $6K | $0 | — | View 990 |
| 2015 | $60K | $24K | $12K | $0 | — | View 990 |
| 2014 | $-24,247 | $30K | $-10,591 | $0 | — | View 990 |
| 2013 | $62K | $32K | $43K | $0 | — | View 990 |
| 2012 | $8K | $50K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $31K, expenses of $12K, and assets of $41K.
- 2021: Revenue of $0, expenses of $8K, and assets of $22K (revenue -100.0% year-over-year).
- 2020: Revenue of $4K, expenses of $6K, and assets of $30K (revenue -88.8% year-over-year).
- 2019: Revenue of $39K, expenses of $10K, and assets of $32K.
- 2018: Revenue of $-14,176, expenses of $27K, and assets of $3K (revenue -121.4% year-over-year).
- 2017: Revenue of $66K, expenses of $28K, and assets of $44K (revenue +119.8% year-over-year).
- 2016: Revenue of $30K, expenses of $36K, and assets of $6K (revenue -49.5% year-over-year).
- 2015: Revenue of $60K, expenses of $24K, and assets of $12K.
- 2014: Revenue of $-24,247, expenses of $30K, and assets of $-10,591 (revenue -139.0% year-over-year).
- 2013: Revenue of $62K, expenses of $32K, and assets of $43K (revenue +673.2% year-over-year).
- 2012: Revenue of $8K, expenses of $50K, and assets of $13K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louisiana Pirate Festival Inc:
Data Sources and Methodology
This transparency report for Louisiana Pirate Festival Inc 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.