Nola East Economic Development Focus Group
EIN: 853577652 · New Orleans, LA · NTEE: C99
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $16K |
| Net Assets | $1 |
Is Nola East Economic Development Focus Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nola East Economic Development Focus Group
Nola East Economic Development Focus Group (EIN: 853577652) is a nonprofit organization based in New Orleans, LA, classified under NTEE code C99. The organization reported total revenue of $19K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nola East Economic Development Focus Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nola East Economic Development Focus Group is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 62.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15K |
| Total Expenses | $16K |
| Surplus / Deficit | $-1,345 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | -9.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Nola East Economic Development Focus Group reported a deficit of $1K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2021–2023), Nola East Economic Development Focus Group's revenue has grown at a compound annual growth rate (CAGR) of 62.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.7% | -22.8% | -100.0% |
| 2022 | +368.7% | +161.7% | +1911.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1230 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nola East Economic Development Focus Group 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 Nola East Economic Development Focus Group 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 $1K, with expenses exceeding revenue.
Frequently Asked Questions about Nola East Economic Development Focus Group
Is Nola East Economic Development Focus Group a legitimate charity?
Nola East Economic Development Focus Group (EIN: 853577652) is a registered tax-exempt nonprofit based in Louisiana. It has 3 years of IRS 990 filings on record. Total revenue: $19K. No red flags identified. Financial health grade: C.
How does Nola East Economic Development Focus Group spend its money?
Nola East Economic Development Focus Group reported $19K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nola East Economic Development Focus Group tax-deductible?
Nola East Economic Development Focus Group is registered as a tax-exempt nonprofit (EIN: 853577652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nola East Economic Development Focus Group located?
Nola East Economic Development Focus Group is headquartered in New Orleans, Louisiana and files with the IRS under EIN 853577652. It is classified under NTEE code C99.
How many years of IRS 990 filings does Nola East Economic Development Focus Group have?
Nola East Economic Development Focus Group has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $19K in total revenue.
Filing History
IRS 990 filing history for Nola East Economic Development Focus Group showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Nola East Economic Development Focus Group's revenue has grown by 164%, moving from $6K to $15K. Total assets decreased by 99.6% over the same period, from $274 to $1. Total functional expenses rose by 102.1%, from $8K to $16K. In its most recent filing year (2023), Nola East Economic Development Focus Group reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15K | $16K | $1 | $0 | — | View 990 |
| 2022 | $26K | $21K | $6K | $0 | — | View 990 |
| 2021 | $6K | $8K | $274 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $15K, expenses of $16K, and assets of $1 (revenue -43.7% year-over-year).
- 2022: Revenue of $26K, expenses of $21K, and assets of $6K (revenue +368.7% year-over-year).
- 2021: Revenue of $6K, expenses of $8K, and assets of $274.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nola East Economic Development Focus Group:
Data Sources and Methodology
This transparency report for Nola East Economic Development Focus Group 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.