North Carolina Trapshooters Hall Of Fame Inc
EIN: 561924997 · Durham, NC · NTEE: A500
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $311K |
| Net Assets | $490K |
Is North Carolina Trapshooters Hall Of Fame Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About North Carolina Trapshooters Hall Of Fame Inc
North Carolina Trapshooters Hall Of Fame Inc (EIN: 561924997) is a nonprofit organization based in Durham, NC, classified under NTEE code A500. The organization reported total revenue of $280K and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Trapshooters Hall Of Fame Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Trapshooters Hall Of Fame Inc is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $279K |
| Total Expenses | $311K |
| Surplus / Deficit | $-31,157 |
| Total Assets | $525K |
| Total Liabilities | $35K |
| Net Assets | $490K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 20.3 months |
Financial Health Grade: B
In 2023, North Carolina Trapshooters Hall Of Fame Inc reported a deficit of $31K with expenses exceeding revenue, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), North Carolina Trapshooters Hall Of Fame Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +42.3% | -5.4% |
| 2022 | +187.9% | +801.1% | -53.0% |
| 2021 | -25.8% | -58.5% | +1.4% |
| 2021 | +58.4% | +62.1% | +17.7% |
| 2020 | +0.6% | -3.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Carolina Trapshooters Hall Of Fame 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 North Carolina Trapshooters Hall Of Fame 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 deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.6%.
Frequently Asked Questions about North Carolina Trapshooters Hall Of Fame Inc
Is North Carolina Trapshooters Hall Of Fame Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Trapshooters Hall Of Fame Inc (EIN: 561924997) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Carolina Trapshooters Hall Of Fame Inc spend its money?
Detailed spending breakdown data is not yet available for North Carolina Trapshooters Hall Of Fame Inc. Check back for updated IRS 990 analysis.
Are donations to North Carolina Trapshooters Hall Of Fame Inc tax-deductible?
North Carolina Trapshooters Hall Of Fame Inc is registered as a tax-exempt nonprofit (EIN: 561924997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Trapshooters Hall Of Fame Inc located?
North Carolina Trapshooters Hall Of Fame Inc is headquartered in Durham, North Carolina and files with the IRS under EIN 561924997. It is classified under NTEE code A500.
How many years of IRS 990 filings does North Carolina Trapshooters Hall Of Fame Inc have?
North Carolina Trapshooters Hall Of Fame Inc has 14 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 $280K in total revenue.
Filing History
IRS 990 filing history for North Carolina Trapshooters Hall Of Fame Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), North Carolina Trapshooters Hall Of Fame Inc's revenue has grown by 401.3%, moving from $56K to $279K. Total assets decreased by 18.7% over the same period, from $645K to $525K. Total functional expenses rose by 1437.9%, from $20K to $311K. In its most recent filing year (2023), North Carolina Trapshooters Hall Of Fame Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $35K in liabilities against $525K in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $490K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $279K | $311K | $525K | $35K | — | — |
| 2022 | $262K | $218K | $554K | $35K | — | View 990 |
| 2021 | $91K | $24K | $1.2M | $61K | — | View 990 |
| 2021 | $123K | $58K | $1.2M | $111K | — | View 990 |
| 2020 | $77K | $36K | $988K | $0 | — | View 990 |
| 2019 | $77K | $37K | $947K | $0 | — | View 990 |
| 2018 | $47K | $28K | $907K | $0 | — | View 990 |
| 2017 | $89K | $36K | $888K | $0 | — | View 990 |
| 2016 | $83K | $26K | $835K | $0 | — | View 990 |
| 2015 | $35K | $23K | $777K | $0 | — | View 990 |
| 2014 | $49K | $14K | $765K | $0 | — | View 990 |
| 2013 | $74K | $28K | $730K | $0 | — | View 990 |
| 2012 | $67K | $21K | $684K | $0 | — | View 990 |
| 2011 | $56K | $20K | $645K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $279K, expenses of $311K, and assets of $525K (revenue +6.7% year-over-year).
- 2022: Revenue of $262K, expenses of $218K, and assets of $554K (revenue +187.9% year-over-year).
- 2021: Revenue of $91K, expenses of $24K, and assets of $1.2M (revenue -25.8% year-over-year).
- 2021: Revenue of $123K, expenses of $58K, and assets of $1.2M (revenue +58.4% year-over-year).
- 2020: Revenue of $77K, expenses of $36K, and assets of $988K (revenue +0.6% year-over-year).
- 2019: Revenue of $77K, expenses of $37K, and assets of $947K (revenue +65.1% year-over-year).
- 2018: Revenue of $47K, expenses of $28K, and assets of $907K (revenue -47.7% year-over-year).
- 2017: Revenue of $89K, expenses of $36K, and assets of $888K (revenue +6.8% year-over-year).
- 2016: Revenue of $83K, expenses of $26K, and assets of $835K (revenue +135.0% year-over-year).
- 2015: Revenue of $35K, expenses of $23K, and assets of $777K (revenue -27.0% year-over-year).
- 2014: Revenue of $49K, expenses of $14K, and assets of $765K (revenue -34.6% year-over-year).
- 2013: Revenue of $74K, expenses of $28K, and assets of $730K (revenue +11.1% year-over-year).
- 2012: Revenue of $67K, expenses of $21K, and assets of $684K (revenue +19.8% year-over-year).
- 2011: Revenue of $56K, expenses of $20K, and assets of $645K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Trapshooters Hall Of Fame Inc:
Data Sources and Methodology
This transparency report for North Carolina Trapshooters Hall Of Fame 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.