Nate Chute Foundation Inc
EIN: 450494907 · Kalispell, MT · NTEE: F40
| Metric | Value |
|---|---|
| Total Revenue | $560K |
| Total Expenses | $402K |
| Net Assets | $587K |
Is Nate Chute Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nate Chute Foundation Inc
Nate Chute Foundation Inc (EIN: 450494907) is a nonprofit organization based in Kalispell, MT, classified under NTEE code F40. The organization reported total revenue of $560K and total assets of $672K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nate Chute Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nate Chute Foundation Inc is a small nonprofit that has been operating for 23 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 35.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $419K |
| Total Expenses | $402K |
| Surplus / Deficit | +$17K |
| Total Assets | $604K |
| Total Liabilities | $17K |
| Net Assets | $587K |
| Operating Margin | 4.1% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, Nate Chute Foundation Inc reported a surplus of $17K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Nate Chute Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.2% | +59.2% | +4.3% |
| 2022 | -10.4% | +29.6% | +22.6% |
| 2021 | +58.2% | +59.0% | +75.9% |
| 2020 | +64.0% | +10.1% | +91.2% |
| 2019 | +38.6% | +18.4% | +42.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nate Chute Foundation Inc 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 Nate Chute Foundation Inc 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 surplus of $17K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Frequently Asked Questions about Nate Chute Foundation Inc
Is Nate Chute Foundation Inc a legitimate charity?
Nate Chute Foundation Inc (EIN: 450494907) is a registered tax-exempt nonprofit based in Montana. It has 7 years of IRS 990 filings on record. Total revenue: $560K. No red flags identified. Financial health grade: A.
How does Nate Chute Foundation Inc spend its money?
Nate Chute Foundation Inc reported $560K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nate Chute Foundation Inc tax-deductible?
Nate Chute Foundation Inc is registered as a tax-exempt nonprofit (EIN: 450494907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nate Chute Foundation Inc located?
Nate Chute Foundation Inc is headquartered in Kalispell, Montana and files with the IRS under EIN 450494907. It is classified under NTEE code F40.
How many years of IRS 990 filings does Nate Chute Foundation Inc have?
Nate Chute Foundation Inc has 7 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 $560K in total revenue.
Filing History
IRS 990 filing history for Nate Chute Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Nate Chute Foundation Inc's revenue has grown by 526.2%, moving from $67K to $419K. Total assets increased by 630.3% over the same period, from $83K to $604K. Total functional expenses rose by 637.6%, from $54K to $402K. In its most recent filing year (2023), Nate Chute Foundation Inc reported a surplus of $17K, with revenue exceeding expenses. The organization holds $17K in liabilities against $604K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $587K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $419K | $402K | $604K | $17K | — | — |
| 2022 | $354K | $252K | $578K | $9K | — | View 990 |
| 2021 | $395K | $195K | $472K | $4K | — | View 990 |
| 2020 | $250K | $122K | $268K | $1K | — | View 990 |
| 2019 | $152K | $111K | $140K | $560 | — | View 990 |
| 2018 | $110K | $94K | $99K | $0 | — | View 990 |
| 2017 | $67K | $54K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $419K, expenses of $402K, and assets of $604K (revenue +18.2% year-over-year).
- 2022: Revenue of $354K, expenses of $252K, and assets of $578K (revenue -10.4% year-over-year).
- 2021: Revenue of $395K, expenses of $195K, and assets of $472K (revenue +58.2% year-over-year).
- 2020: Revenue of $250K, expenses of $122K, and assets of $268K (revenue +64.0% year-over-year).
- 2019: Revenue of $152K, expenses of $111K, and assets of $140K (revenue +38.6% year-over-year).
- 2018: Revenue of $110K, expenses of $94K, and assets of $99K (revenue +64.3% year-over-year).
- 2017: Revenue of $67K, expenses of $54K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nate Chute Foundation Inc:
Data Sources and Methodology
This transparency report for Nate Chute Foundation 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.