Midsouth Martial Arts
Midsouth Martial Arts experiences a dramatic financial surge in 2023, with revenue quadrupling and assets growing significantly.
EIN: 203132837 · Searcy, AR · NTEE: P20 · Updated: 2026-03-28
Is Midsouth Martial Arts Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midsouth Martial Arts directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midsouth Martial Arts
Midsouth Martial Arts (EIN: 203132837) is a nonprofit organization based in Searcy, AR, classified under NTEE code P20. The organization reported total revenue of $24K and total assets of $208K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midsouth Martial Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midsouth Martial Arts is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $443K |
| Total Expenses | $104K |
| Surplus / Deficit | +$340K |
| Total Assets | $340K |
| Net Assets | $340K |
| Operating Margin | 76.6% |
| Months of Reserves | 39.4 months |
Financial Health Grade: A
In 2023, Midsouth Martial Arts reported a surplus of $340K with revenue exceeding expenses, holds 39.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Midsouth Martial Arts's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +636.1% | +66.1% | +57989.9% |
| 2022 | +3.9% | +3.8% | -78.4% |
| 2021 | +10.1% | +19.3% | -43.6% |
| 2020 | -22.7% | -23.4% | +92.1% |
| 2019 | -4.9% | -11.2% | +3030.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Midsouth Martial Arts with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Midsouth Martial Arts allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $340K, with revenue exceeding expenses.
Executive Compensation Analysis
Midsouth Martial Arts consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based. This is highly unusual for an organization of its size, especially given the significant revenue and asset growth in 2023, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Midsouth Martial Arts's IRS 990 filings:
- Highly volatile revenue and expense history, making long-term financial planning and stability difficult to assess.
- Lack of detailed information on the specific programs funded, despite significant revenue in the latest period.
Strengths
The following positive indicators were identified for Midsouth Martial Arts:
- Strong financial health in the latest period (2023) with a substantial surplus ($339,821) and no liabilities.
- Consistent reporting of 0% officer compensation, indicating a highly volunteer-driven and mission-focused leadership.
- Significant asset growth in 2023, providing a stronger financial foundation for future operations.
Frequently Asked Questions about Midsouth Martial Arts
Is Midsouth Martial Arts a legitimate charity?
Based on AI analysis of IRS 990 filings, Midsouth Martial Arts (EIN: 203132837) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Midsouth Martial Arts spend its money?
Midsouth Martial Arts directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midsouth Martial Arts tax-deductible?
Midsouth Martial Arts is registered as a tax-exempt nonprofit (EIN: 203132837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in revenue and assets in the 2023 fiscal year?
The provided data shows a dramatic increase in revenue from $60,243 in 2022 to $443,440 in 2023, and assets from $586 to $340,407. Further investigation into the 990 filing for 2023 would be needed to understand the specific sources of this increased income and how it was managed.
How does Midsouth Martial Arts sustain its operations without any reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership and management roles are filled by volunteers. This model can be highly efficient but also raises questions about long-term sustainability and capacity for growth without paid executive staff.
What are the specific program activities that Midsouth Martial Arts funds?
While the NTEE code P20 indicates 'Sports, Recreational, & Leisure Activities, NEC', the filings do not detail specific programs. Given the significant revenue in 2023, understanding the nature and impact of their programs would be crucial.
Filing History
IRS 990 filing history for Midsouth Martial Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midsouth Martial Arts's revenue has grown by 294.6%, moving from $112K to $443K. Total assets increased by 3643.2% over the same period, from $9K to $340K. Total functional expenses fell by 2.2%, from $106K to $104K. In its most recent filing year (2023), Midsouth Martial Arts reported a surplus of $340K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $443K | $104K | $340K | $0 | — | — |
| 2022 | $60K | $62K | $586 | $0 | — | View 990 |
| 2021 | $58K | $60K | $3K | $0 | — | — |
| 2020 | $53K | $50K | $5K | $0 | — | View 990 |
| 2019 | $68K | $66K | $3K | $0 | — | View 990 |
| 2018 | $72K | $74K | $80 | $0 | — | View 990 |
| 2017 | $100K | $103K | $2K | $0 | — | View 990 |
| 2016 | $109K | $110K | $4K | $0 | — | View 990 |
| 2015 | $95K | $93K | $5K | $0 | — | View 990 |
| 2014 | $96K | $96K | $3K | $0 | — | View 990 |
| 2013 | $94K | $102K | $3K | $0 | — | View 990 |
| 2012 | $114K | $114K | $10K | $0 | — | View 990 |
| 2011 | $112K | $106K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $443K, expenses of $104K, and assets of $340K (revenue +636.1% year-over-year).
- 2022: Revenue of $60K, expenses of $62K, and assets of $586 (revenue +3.9% year-over-year).
- 2021: Revenue of $58K, expenses of $60K, and assets of $3K (revenue +10.1% year-over-year).
- 2020: Revenue of $53K, expenses of $50K, and assets of $5K (revenue -22.7% year-over-year).
- 2019: Revenue of $68K, expenses of $66K, and assets of $3K (revenue -4.9% year-over-year).
- 2018: Revenue of $72K, expenses of $74K, and assets of $80 (revenue -28.6% year-over-year).
- 2017: Revenue of $100K, expenses of $103K, and assets of $2K (revenue -7.9% year-over-year).
- 2016: Revenue of $109K, expenses of $110K, and assets of $4K (revenue +14.2% year-over-year).
- 2015: Revenue of $95K, expenses of $93K, and assets of $5K (revenue -0.8% year-over-year).
- 2014: Revenue of $96K, expenses of $96K, and assets of $3K (revenue +2.1% year-over-year).
- 2013: Revenue of $94K, expenses of $102K, and assets of $3K (revenue -17.5% year-over-year).
- 2012: Revenue of $114K, expenses of $114K, and assets of $10K (revenue +1.7% year-over-year).
- 2011: Revenue of $112K, expenses of $106K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midsouth Martial Arts:
Data Sources and Methodology
This transparency report for Midsouth Martial Arts 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.