North Carolina Center For Automotive Research Inc
North Carolina Center For Automotive Research Inc consistently operates at a significant deficit, drawing down assets.
EIN: 202981615 · Garysburg, NC · NTEE: U99 · Updated: 2026-03-28
Is North Carolina Center For Automotive Research Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Carolina Center For Automotive Research Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About North Carolina Center For Automotive Research Inc
North Carolina Center For Automotive Research Inc (EIN: 202981615) is a nonprofit organization based in Garysburg, NC, classified under NTEE code U99. The organization reported total revenue of $716K and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Center For Automotive Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Center For Automotive Research Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $756K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-413,296 |
| Total Assets | $8.3M |
| Total Liabilities | $1.8M |
| Net Assets | $6.4M |
| Operating Margin | -54.6% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 84.7 months |
Financial Health Grade: B
In 2023, North Carolina Center For Automotive Research Inc reported a deficit of $413K with expenses exceeding revenue, holds 84.7 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Carolina Center For Automotive Research Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | +4.2% | -5.5% |
| 2022 | -17.3% | -19.5% | +15.8% |
| 2021 | +24.0% | +35.3% | -8.2% |
| 2020 | +5.7% | +9.7% | -5.5% |
| 2019 | +26.2% | +5.7% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Center For Automotive Research Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, North Carolina Center For Automotive Research Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $413K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through mechanisms not categorized as officer compensation on the 990, which is a positive for minimizing overhead if true.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of North Carolina Center For Automotive Research Inc's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $413,296 in 202312).
- Substantial increase in liabilities from $100,476 in 202112 to $1,809,740 in 202312.
- Steady decline in total assets over the past decade, from $11.46 million in 201412 to $8.25 million in 202312.
- Revenue consistently falling far short of expenses across multiple years.
Strengths
The following positive indicators were identified for North Carolina Center For Automotive Research Inc:
- Consistent filing of IRS Form 990s, indicating transparency in reporting.
- Reported 0% officer compensation across all filings, suggesting low executive overhead.
Frequently Asked Questions about North Carolina Center For Automotive Research Inc
Is North Carolina Center For Automotive Research Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Center For Automotive Research Inc (EIN: 202981615) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does North Carolina Center For Automotive Research Inc spend its money?
North Carolina Center For Automotive Research Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Carolina Center For Automotive Research Inc tax-deductible?
North Carolina Center For Automotive Research Inc is registered as a tax-exempt nonprofit (EIN: 202981615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does NCCAR plan to address its consistent operational deficits?
The organization has consistently spent more than it earns, with expenses exceeding revenue by over $400,000 in 202312. A clear strategy for achieving financial sustainability is crucial.
What caused the significant increase in liabilities from $100,476 in 202112 to $1,809,740 in 202312?
This dramatic increase in liabilities over a two-year period is a major financial concern and requires detailed explanation to understand the organization's financial health.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without this detailed breakdown, it's difficult to fully assess the efficiency of spending and ensure that the majority of funds are directed towards programmatic activities.
What is the long-term strategy for asset utilization given the consistent decline in total assets?
Total assets have decreased from over $11 million in 201412 to $8.25 million in 202312, suggesting assets are being used to cover operational shortfalls. A plan for asset preservation or growth is important.
Are key leadership roles truly unpaid, or are there other forms of compensation not reported as 'Officer Comp'?
While 0% officer compensation is positive, it's important to understand if this reflects a fully volunteer leadership or if compensation is structured differently.
Filing History
IRS 990 filing history for North Carolina Center For Automotive Research Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Carolina Center For Automotive Research Inc's revenue has grown by 73.6%, moving from $436K to $756K. Total assets decreased by 40% over the same period, from $13.8M to $8.3M. Total functional expenses fell by 7%, from $1.3M to $1.2M. In its most recent filing year (2023), North Carolina Center For Automotive Research Inc reported a deficit of $413K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $8.3M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $756K | $1.2M | $8.3M | $1.8M | — | — |
| 2022 | $544K | $1.1M | $8.7M | $1.9M | — | View 990 |
| 2021 | $658K | $1.4M | $7.5M | $100K | — | View 990 |
| 2020 | $530K | $1.0M | $8.2M | $36K | — | View 990 |
| 2019 | $502K | $940K | $8.7M | $18K | — | View 990 |
| 2018 | $397K | $889K | $9.2M | $93K | — | View 990 |
| 2017 | $430K | $904K | $9.6M | $10K | — | — |
| 2016 | $384K | $998K | $10.1M | $16K | — | View 990 |
| 2015 | $456K | $1.2M | $10.7M | $13K | — | View 990 |
| 2014 | $528K | $1.1M | $11.5M | $22K | — | View 990 |
| 2013 | $212K | $1.0M | $12.0M | $12K | — | View 990 |
| 2012 | $299K | $1.2M | $12.8M | $10K | — | View 990 |
| 2011 | $436K | $1.3M | $13.8M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $756K, expenses of $1.2M, and assets of $8.3M (revenue +39.0% year-over-year).
- 2022: Revenue of $544K, expenses of $1.1M, and assets of $8.7M (revenue -17.3% year-over-year).
- 2021: Revenue of $658K, expenses of $1.4M, and assets of $7.5M (revenue +24.0% year-over-year).
- 2020: Revenue of $530K, expenses of $1.0M, and assets of $8.2M (revenue +5.7% year-over-year).
- 2019: Revenue of $502K, expenses of $940K, and assets of $8.7M (revenue +26.2% year-over-year).
- 2018: Revenue of $397K, expenses of $889K, and assets of $9.2M (revenue -7.5% year-over-year).
- 2017: Revenue of $430K, expenses of $904K, and assets of $9.6M (revenue +12.0% year-over-year).
- 2016: Revenue of $384K, expenses of $998K, and assets of $10.1M (revenue -15.9% year-over-year).
- 2015: Revenue of $456K, expenses of $1.2M, and assets of $10.7M (revenue -13.6% year-over-year).
- 2014: Revenue of $528K, expenses of $1.1M, and assets of $11.5M (revenue +149.1% year-over-year).
- 2013: Revenue of $212K, expenses of $1.0M, and assets of $12.0M (revenue -29.1% year-over-year).
- 2012: Revenue of $299K, expenses of $1.2M, and assets of $12.8M (revenue -31.4% year-over-year).
- 2011: Revenue of $436K, expenses of $1.3M, and assets of $13.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Center For Automotive Research Inc:
Data Sources and Methodology
This transparency report for North Carolina Center For Automotive Research 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.