Nanook Innovation Corporation
EIN: 462406330 · Fairbanks, AK · NTEE: B114
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $27K |
| Net Assets | $16K |
Is Nanook Innovation Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nanook Innovation Corporation
Nanook Innovation Corporation (EIN: 462406330) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code B114. The organization reported total revenue of $7K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nanook Innovation Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nanook Innovation Corporation is a micro nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $27K |
| Surplus / Deficit | $-79 |
| Total Assets | $16K |
| Net Assets | $16K |
| Operating Margin | -0.3% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2024, Nanook Innovation Corporation reported a deficit of $79 with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2013–2024), Nanook Innovation Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +65.5% | +331.8% | -0.5% |
| 2023 | +248.9% | +32.6% | +174.5% |
| 2022 | +363.3% | +330.5% | -1.0% |
| 2020 | -100.0% | -99.8% | -79.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nanook Innovation Corporation 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 Nanook Innovation Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79, with expenses exceeding revenue.
Frequently Asked Questions about Nanook Innovation Corporation
Is Nanook Innovation Corporation a legitimate charity?
Nanook Innovation Corporation (EIN: 462406330) is a registered tax-exempt nonprofit based in Alaska. It has 12 years of IRS 990 filings on record. Total revenue: $7K. No red flags identified. Financial health grade: B.
How does Nanook Innovation Corporation spend its money?
Nanook Innovation Corporation reported $7K 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 Nanook Innovation Corporation tax-deductible?
Nanook Innovation Corporation is registered as a tax-exempt nonprofit (EIN: 462406330). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nanook Innovation Corporation located?
Nanook Innovation Corporation is headquartered in Fairbanks, Alaska and files with the IRS under EIN 462406330. It is classified under NTEE code B114.
How many years of IRS 990 filings does Nanook Innovation Corporation have?
Nanook Innovation Corporation 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 $7K in total revenue.
Filing History
IRS 990 filing history for Nanook Innovation Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2013–2024), Nanook Innovation Corporation's revenue has grown by 167.5%, moving from $10K to $27K. Total assets increased by 109.9% over the same period, from $7K to $16K. Total functional expenses rose by 940.7%, from $3K to $27K. In its most recent filing year (2024), Nanook Innovation Corporation reported a deficit of $79, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $27K | $27K | $16K | $0 | — | — |
| 2023 | $16K | $6K | $16K | $0 | — | View 990 |
| 2022 | $5K | $5K | $6K | $0 | — | View 990 |
| 2021 | $1K | $1K | $6K | $0 | — | — |
| 2020 | $0 | $54 | $6K | $0 | — | View 990 |
| 2019 | $23K | $23K | $28K | $23K | — | View 990 |
| 2018 | $24K | $32K | $29K | $23K | — | — |
| 2017 | $11K | $19K | $14K | $0 | — | View 990 |
| 2016 | $16K | $4K | $16K | $0 | — | — |
| 2015 | $20K | $22K | $4K | $0 | — | View 990 |
| 2014 | $20K | $16K | $11K | $0 | — | View 990 |
| 2013 | $10K | $3K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $27K, expenses of $27K, and assets of $16K (revenue +65.5% year-over-year).
- 2023: Revenue of $16K, expenses of $6K, and assets of $16K (revenue +248.9% year-over-year).
- 2022: Revenue of $5K, expenses of $5K, and assets of $6K (revenue +363.3% year-over-year).
- 2021: Revenue of $1K, expenses of $1K, and assets of $6K.
- 2020: Revenue of $0, expenses of $54, and assets of $6K (revenue -100.0% year-over-year).
- 2019: Revenue of $23K, expenses of $23K, and assets of $28K (revenue -8.0% year-over-year).
- 2018: Revenue of $24K, expenses of $32K, and assets of $29K (revenue +112.8% year-over-year).
- 2017: Revenue of $11K, expenses of $19K, and assets of $14K (revenue -29.0% year-over-year).
- 2016: Revenue of $16K, expenses of $4K, and assets of $16K (revenue -18.0% year-over-year).
- 2015: Revenue of $20K, expenses of $22K, and assets of $4K (revenue -1.4% year-over-year).
- 2014: Revenue of $20K, expenses of $16K, and assets of $11K (revenue +100.0% year-over-year).
- 2013: Revenue of $10K, expenses of $3K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nanook Innovation Corporation:
Data Sources and Methodology
This transparency report for Nanook Innovation Corporation 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.