Minden Charity Classic Inc

Minden Charity Classic Inc maintains strong asset growth and zero officer compensation, indicating efficient operations.

EIN: 200816881 · Minden, LA · NTEE: P60 · Updated: 2026-03-28

$223KRevenue

$220KAssets

92/100Mission Score (Excellent)

P60

About Minden Charity Classic Inc

Minden Charity Classic Inc (EIN: 200816881) is a nonprofit organization based in Minden, LA, classified under NTEE code P60. The organization reported total revenue of $223K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minden Charity Classic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Minden Charity Classic Inc demonstrates consistent financial health with a positive net asset position and no reported liabilities across all available filings. The organization's revenue has fluctuated, with a notable increase to $105,502 in 2023 from $36,819 in 2022, indicating variable fundraising success. Expenses have generally remained below revenue in most years, contributing to asset growth. The organization's transparency is high given its consistent filing of IRS Form 990s and the absence of officer compensation, which simplifies financial scrutiny.

The spending efficiency appears strong, particularly due to the zero officer compensation reported, suggesting that a very high percentage of funds are directed towards program services and operational costs rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests a lean operational model. The organization's assets have steadily grown over time, reaching $226,938 in 2023, which provides a solid financial foundation for its activities.

Overall, Minden Charity Classic Inc appears to be a well-managed organization with a focus on its mission, supported by its consistent asset growth and lack of liabilities. The absence of officer compensation is a significant positive indicator of efficient resource allocation and a commitment to directing funds towards its charitable purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Minden Charity Classic Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Minden Charity Classic Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries, which is highly commendable for a nonprofit of this size and suggests maximum resource allocation to its mission.

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.

Strengths

The following positive indicators were identified for Minden Charity Classic Inc:

Zero officer compensation reported across all filings, indicating high efficiency.
Consistent asset growth, reaching $226,938 in 2023, demonstrating financial health.
No reported liabilities in any filing period, suggesting strong financial management.
Consistent filing of IRS Form 990s, indicating good transparency.
Expenses generally kept below revenue, contributing to asset accumulation.

Frequently Asked Questions about Minden Charity Classic Inc

Is Minden Charity Classic Inc a good charity?

Based on the provided financial data, Minden Charity Classic Inc appears to be a very good charity. It consistently reports zero officer compensation, has no liabilities, and has shown consistent asset growth, indicating strong financial management and a high likelihood of efficient program spending.

How has the organization's revenue trended?

The organization's revenue has fluctuated over the years, ranging from a low of $36,819 in 2022 to a high of $105,502 in 2023, and $99,047 in 2021. This suggests variability in fundraising or income generation year-to-year.

What is the organization's financial stability?

Minden Charity Classic Inc demonstrates strong financial stability. It has consistently reported zero liabilities and has shown a steady increase in assets, reaching $226,938 in 2023. This indicates a healthy financial position and ability to sustain operations.

Filing History

IRS 990 filing history for Minden Charity Classic Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Minden Charity Classic Inc's revenue has grown by 82.1%, moving from $58K to $106K. Total assets increased by 169.9% over the same period, from $84K to $227K. Total functional expenses rose by 142.2%, from $27K to $65K. In its most recent filing year (2023), Minden Charity Classic Inc reported a surplus of $41K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$106K	$65K	$227K	$0	—	—
2022	$37K	$80K	$186K	$0	—	View 990
2021	$99K	$58K	$229K	$0	—	View 990
2020	$80K	$56K	$188K	$0	—	—
2019	$59K	$65K	$164K	$0	—	View 990
2018	$66K	$42K	$169K	$0	—	View 990
2017	$83K	$40K	$146K	$0	—	View 990
2016	$66K	$118K	$103K	$0	—	View 990
2015	$39K	$32K	$155K	$0	—	View 990
2014	$50K	$23K	$147K	$0	—	View 990
2013	$62K	$37K	$120K	$0	—	View 990
2012	$51K	$41K	$95K	$0	—	View 990
2011	$58K	$27K	$84K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $106K, expenses of $65K, and assets of $227K (revenue +186.5% year-over-year).
2022: Revenue of $37K, expenses of $80K, and assets of $186K (revenue -62.8% year-over-year).
2021: Revenue of $99K, expenses of $58K, and assets of $229K (revenue +23.4% year-over-year).
2020: Revenue of $80K, expenses of $56K, and assets of $188K (revenue +36.0% year-over-year).
2019: Revenue of $59K, expenses of $65K, and assets of $164K (revenue -10.8% year-over-year).
2018: Revenue of $66K, expenses of $42K, and assets of $169K (revenue -20.5% year-over-year).
2017: Revenue of $83K, expenses of $40K, and assets of $146K (revenue +25.8% year-over-year).
2016: Revenue of $66K, expenses of $118K, and assets of $103K (revenue +68.1% year-over-year).
2015: Revenue of $39K, expenses of $32K, and assets of $155K (revenue -21.4% year-over-year).
2014: Revenue of $50K, expenses of $23K, and assets of $147K (revenue -19.6% year-over-year).
2013: Revenue of $62K, expenses of $37K, and assets of $120K (revenue +20.8% year-over-year).
2012: Revenue of $51K, expenses of $41K, and assets of $95K (revenue -11.1% year-over-year).
2011: Revenue of $58K, expenses of $27K, and assets of $84K.

Data Sources and Methodology

This transparency report for Minden Charity Classic 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.