Norbcc Inc
EIN: 455108367 · New Orleans, LA · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $309K |
| Total Expenses | $376K |
| Net Assets | $188K |
Is Norbcc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norbcc Inc
Norbcc Inc (EIN: 455108367) is a nonprofit organization based in New Orleans, LA, classified under NTEE code S41. The organization reported total revenue of $309K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norbcc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norbcc Inc is a small nonprofit that has been operating for 14 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $453K |
| Total Expenses | $376K |
| Surplus / Deficit | +$77K |
| Total Assets | $195K |
| Total Liabilities | $7K |
| Net Assets | $188K |
| Operating Margin | 17.0% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 6.2 months |
Financial Health Grade: A
In 2021, Norbcc Inc reported a surplus of $77K with revenue exceeding expenses, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 10 years of filings (2012–2021), Norbcc Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +89.9% | +100.8% | +60.8% |
| 2020 | -13.9% | -32.5% | +97.2% |
| 2019 | +39.8% | +34.4% | +1.8% |
| 2018 | +29.0% | +38.5% | +5.5% |
| 2017 | +18.0% | +46.7% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norbcc 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 Norbcc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Norbcc Inc
Is Norbcc Inc a legitimate charity?
Norbcc Inc (EIN: 455108367) is a registered tax-exempt nonprofit based in Louisiana. It has 10 years of IRS 990 filings on record. Total revenue: $309K. No red flags identified. Financial health grade: A.
How does Norbcc Inc spend its money?
Norbcc Inc reported $309K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Norbcc Inc tax-deductible?
Norbcc Inc is registered as a tax-exempt nonprofit (EIN: 455108367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norbcc Inc located?
Norbcc Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 455108367. It is classified under NTEE code S41.
How many years of IRS 990 filings does Norbcc Inc have?
Norbcc Inc has 10 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 $309K in total revenue.
Filing History
IRS 990 filing history for Norbcc Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Norbcc Inc's revenue has grown by 764.4%, moving from $52K to $453K. Total assets increased by 2201.3% over the same period, from $8K to $195K. Total functional expenses rose by 756%, from $44K to $376K. In its most recent filing year (2021), Norbcc Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $7K in liabilities against $195K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $188K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $453K | $376K | $195K | $7K | — | View 990 |
| 2020 | $239K | $187K | $121K | $10K | — | View 990 |
| 2019 | $277K | $277K | $61K | $1K | — | — |
| 2018 | $198K | $206K | $60K | $20K | — | View 990 |
| 2017 | $154K | $149K | $57K | $9K | — | — |
| 2016 | $130K | $102K | $58K | $14K | — | View 990 |
| 2015 | $133K | $118K | $25K | $10K | — | View 990 |
| 2014 | $116K | $119K | $6K | $6K | — | View 990 |
| 2013 | $120K | $126K | $8K | $6K | — | View 990 |
| 2012 | $52K | $44K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $453K, expenses of $376K, and assets of $195K (revenue +89.9% year-over-year).
- 2020: Revenue of $239K, expenses of $187K, and assets of $121K (revenue -13.9% year-over-year).
- 2019: Revenue of $277K, expenses of $277K, and assets of $61K (revenue +39.8% year-over-year).
- 2018: Revenue of $198K, expenses of $206K, and assets of $60K (revenue +29.0% year-over-year).
- 2017: Revenue of $154K, expenses of $149K, and assets of $57K (revenue +18.0% year-over-year).
- 2016: Revenue of $130K, expenses of $102K, and assets of $58K (revenue -2.2% year-over-year).
- 2015: Revenue of $133K, expenses of $118K, and assets of $25K (revenue +14.4% year-over-year).
- 2014: Revenue of $116K, expenses of $119K, and assets of $6K (revenue -3.1% year-over-year).
- 2013: Revenue of $120K, expenses of $126K, and assets of $8K (revenue +129.1% year-over-year).
- 2012: Revenue of $52K, expenses of $44K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norbcc Inc:
Data Sources and Methodology
This transparency report for Norbcc 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.