Mississippi Classic Cruisers Inc

Mississippi Classic Cruisers Inc consistently operates with a surplus and zero liabilities, driven by volunteer leadership.

EIN: 203619626 · Madison, MS · NTEE: N50 · Updated: 2026-03-28

$71KRevenue

$35KAssets

92/100Mission Score (Excellent)

N50

About Mississippi Classic Cruisers Inc

Mississippi Classic Cruisers Inc (EIN: 203619626) is a nonprofit organization based in Madison, MS, classified under NTEE code N50. The organization reported total revenue of $71K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mississippi Classic Cruisers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mississippi Classic Cruisers Inc demonstrates consistent financial health with a positive net income in most recent years. For example, in 2023, revenue was $56,674 against expenses of $53,047, indicating a surplus. The organization's assets have shown steady growth, increasing from $4,549 in 2016 to $24,378 in 2023, suggesting responsible financial management and accumulation of reserves. Liabilities have consistently been reported as $0 across all available filings, which is a strong indicator of financial stability and low risk.

Spending efficiency appears to be high, particularly given the consistent reporting of 0% officer compensation, which suggests that the organization is run by volunteers and directs its resources towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation implies a lean operational structure. The organization's revenue has fluctuated but generally trended upwards, with the latest revenue at $71,382, indicating continued community support.

Transparency is strong, evidenced by 13 filings and consistent reporting of key financial metrics. The consistent $0 liabilities and 0% officer compensation are positive indicators of straightforward financial practices. The growth in assets without incurring debt further supports a transparent and well-managed financial operation.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mississippi Classic Cruisers 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: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Mississippi Classic Cruisers Inc 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues ranging from $11,442 to $71,382.

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 Mississippi Classic Cruisers Inc:

Consistent positive net income, e.g., $3,627 surplus in 2023 ($56,674 revenue vs. $53,047 expenses).
Zero liabilities reported across all 13 filings, indicating strong financial stability.
0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
Steady growth in assets from $4,549 in 2016 to $24,378 in 2023.
Consistent filing history (13 filings), indicating strong transparency and compliance.

Frequently Asked Questions about Mississippi Classic Cruisers Inc

Is Mississippi Classic Cruisers Inc a good charity?

Based on the available financial data, Mississippi Classic Cruisers Inc appears to be a very good charity. It consistently operates with a surplus, has no liabilities, and reports 0% officer compensation, indicating strong financial health and a volunteer-driven model.

How has the organization's financial health changed over time?

The organization's financial health has generally improved over time. Assets have grown from $4,549 in 2016 to $24,378 in 2023, and revenue has shown an upward trend, with consistent positive net income in most recent years, indicating sustainable growth.

What is the organization's approach to executive compensation?

Mississippi Classic Cruisers Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation across all 13 filings. This means its leadership serves on a volunteer basis, directing all funds towards the organization's mission.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Mississippi Classic Cruisers Inc's revenue has grown by 102.5%, moving from $28K to $57K. Total assets increased by 175.2% over the same period, from $9K to $24K. Total functional expenses rose by 95.8%, from $27K to $53K. In its most recent filing year (2023), Mississippi Classic Cruisers Inc reported a surplus of $4K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$57K	$53K	$24K	$0	—	—
2022	$57K	$49K	$21K	$0	—	—
2021	$29K	$27K	$13K	$0	—	View 990
2020	$11K	$15K	$11K	$0	—	View 990
2019	$46K	$42K	$15K	$0	—	View 990
2018	$40K	$41K	$12K	$0	—	View 990
2017	$56K	$48K	$13K	$0	—	View 990
2016	$33K	$45K	$5K	$0	—	View 990
2015	$37K	$36K	$16K	$0	—	View 990
2014	$36K	$26K	$15K	$0	—	View 990
2013	$40K	$45K	$6K	$0	—	View 990
2012	$37K	$35K	$10K	$0	—	View 990
2011	$28K	$27K	$9K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $57K, expenses of $53K, and assets of $24K (revenue -0.3% year-over-year).
2022: Revenue of $57K, expenses of $49K, and assets of $21K (revenue +95.3% year-over-year).
2021: Revenue of $29K, expenses of $27K, and assets of $13K (revenue +154.4% year-over-year).
2020: Revenue of $11K, expenses of $15K, and assets of $11K (revenue -74.9% year-over-year).
2019: Revenue of $46K, expenses of $42K, and assets of $15K (revenue +13.3% year-over-year).
2018: Revenue of $40K, expenses of $41K, and assets of $12K (revenue -28.6% year-over-year).
2017: Revenue of $56K, expenses of $48K, and assets of $13K (revenue +70.1% year-over-year).
2016: Revenue of $33K, expenses of $45K, and assets of $5K (revenue -10.0% year-over-year).
2015: Revenue of $37K, expenses of $36K, and assets of $16K (revenue +3.0% year-over-year).
2014: Revenue of $36K, expenses of $26K, and assets of $15K (revenue -11.7% year-over-year).
2013: Revenue of $40K, expenses of $45K, and assets of $6K (revenue +9.2% year-over-year).
2012: Revenue of $37K, expenses of $35K, and assets of $10K (revenue +32.3% year-over-year).
2011: Revenue of $28K, expenses of $27K, and assets of $9K.

Data Sources and Methodology

This transparency report for Mississippi Classic Cruisers 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.