Mystic Krewe Of Nyx
EIN: 451432800 · New Orleans, LA · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $711K |
| Net Assets | $-79,974 |
Is Mystic Krewe Of Nyx Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mystic Krewe Of Nyx
Mystic Krewe Of Nyx (EIN: 451432800) is a nonprofit organization based in New Orleans, LA, classified under NTEE code N50. The organization reported total revenue of $292K and total assets of $140K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mystic Krewe Of Nyx's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mystic Krewe Of Nyx is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195K |
| Total Expenses | $711K |
| Surplus / Deficit | $-516,387 |
| Total Assets | $140K |
| Total Liabilities | $220K |
| Net Assets | $-79,974 |
| Operating Margin | -265.4% |
| Debt-to-Asset Ratio | 157.0% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2023, Mystic Krewe Of Nyx reported a deficit of $516K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 157.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Mystic Krewe Of Nyx's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.0% | +30.7% | -94.2% |
| 2022 | -86.1% | +4.4% | -15.2% |
| 2021 | -75.1% | -83.8% | +15.1% |
| 2020 | +9.9% | +3.7% | +93.6% |
| 2019 | +3.0% | +6.4% | +48.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mystic Krewe Of Nyx 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 Mystic Krewe Of Nyx 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 $516K, with expenses exceeding revenue.
- Debt-to-asset ratio: 157.0%.
Frequently Asked Questions about Mystic Krewe Of Nyx
Is Mystic Krewe Of Nyx a legitimate charity?
Mystic Krewe Of Nyx (EIN: 451432800) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $292K. No red flags identified. Financial health grade: D.
How does Mystic Krewe Of Nyx spend its money?
Mystic Krewe Of Nyx reported $292K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mystic Krewe Of Nyx tax-deductible?
Mystic Krewe Of Nyx is registered as a tax-exempt nonprofit (EIN: 451432800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mystic Krewe Of Nyx located?
Mystic Krewe Of Nyx is headquartered in New Orleans, Louisiana and files with the IRS under EIN 451432800. It is classified under NTEE code N50.
How many years of IRS 990 filings does Mystic Krewe Of Nyx have?
Mystic Krewe Of Nyx has 12 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 $292K in total revenue.
Filing History
IRS 990 filing history for Mystic Krewe Of Nyx showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Mystic Krewe Of Nyx's revenue has declined by 48.7%, moving from $379K to $195K. Total assets increased by 105.5% over the same period, from $68K to $140K. Total functional expenses rose by 127.7%, from $312K to $711K. In its most recent filing year (2023), Mystic Krewe Of Nyx reported a deficit of $516K, with expenses exceeding revenue. The organization holds $220K in liabilities against $140K in assets (debt-to-asset ratio: 157.0%), resulting in net assets of $-79,974.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195K | $711K | $140K | $220K | — | View 990 |
| 2022 | $132K | $544K | $2.4M | $718K | — | View 990 |
| 2021 | $951K | $521K | $2.9M | $740K | — | — |
| 2020 | $3.8M | $3.2M | $2.5M | $796K | — | — |
| 2019 | $3.5M | $3.1M | $1.3M | $205K | — | View 990 |
| 2018 | $3.4M | $2.9M | $860K | $162K | — | View 990 |
| 2017 | $2.9M | $2.9M | $294K | $56K | — | View 990 |
| 2016 | $2.3M | $2.2M | $565K | $378K | — | View 990 |
| 2015 | $1.3M | $1.4M | $93K | $14K | — | View 990 |
| 2014 | $1.0M | $1.0M | $198K | $13K | — | View 990 |
| 2013 | $764K | $657K | $195K | $21K | — | View 990 |
| 2012 | $379K | $312K | $68K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195K, expenses of $711K, and assets of $140K (revenue +47.0% year-over-year).
- 2022: Revenue of $132K, expenses of $544K, and assets of $2.4M (revenue -86.1% year-over-year).
- 2021: Revenue of $951K, expenses of $521K, and assets of $2.9M (revenue -75.1% year-over-year).
- 2020: Revenue of $3.8M, expenses of $3.2M, and assets of $2.5M (revenue +9.9% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.1M, and assets of $1.3M (revenue +3.0% year-over-year).
- 2018: Revenue of $3.4M, expenses of $2.9M, and assets of $860K (revenue +16.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $294K (revenue +28.1% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.2M, and assets of $565K (revenue +73.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $93K (revenue +28.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $198K (revenue +33.0% year-over-year).
- 2013: Revenue of $764K, expenses of $657K, and assets of $195K (revenue +101.5% year-over-year).
- 2012: Revenue of $379K, expenses of $312K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mystic Krewe Of Nyx:
Data Sources and Methodology
This transparency report for Mystic Krewe Of Nyx 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.