North Carolina Trucking Association Foundation
EIN: 561893210 · Raleigh, NC · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $390K |
| Net Assets | $1.2M |
Is North Carolina Trucking Association Foundation 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 Trucking Association Foundation
North Carolina Trucking Association Foundation (EIN: 561893210) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B82Z. The organization reported total revenue of $1.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Trucking Association Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Trucking Association Foundation is a mid-size nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $390K |
| Surplus / Deficit | +$906K |
| Total Assets | $1.6M |
| Total Liabilities | $403K |
| Net Assets | $1.2M |
| Operating Margin | 69.9% |
| Debt-to-Asset Ratio | 24.8% |
| Months of Reserves | 50.1 months |
Financial Health Grade: A
In 2023, North Carolina Trucking Association Foundation reported a surplus of $906K with revenue exceeding expenses, holds 50.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), North Carolina Trucking Association Foundation's revenue has grown at a compound annual growth rate (CAGR) of 39.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +364.2% | +220.9% | +228.5% |
| 2022 | +1176.7% | +470.4% | +159.3% |
| 2021 | +465.9% | +64.5% | +5.8% |
| 2020 | -92.6% | -36.0% | +5.3% |
| 2019 | +167.6% | -25.4% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Trucking Association Foundation 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 Trucking Association Foundation 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 $906K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.8%.
Frequently Asked Questions about North Carolina Trucking Association Foundation
Is North Carolina Trucking Association Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Trucking Association Foundation (EIN: 561893210) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Carolina Trucking Association Foundation spend its money?
Detailed spending breakdown data is not yet available for North Carolina Trucking Association Foundation. Check back for updated IRS 990 analysis.
Are donations to North Carolina Trucking Association Foundation tax-deductible?
North Carolina Trucking Association Foundation is registered as a tax-exempt nonprofit (EIN: 561893210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Carolina Trucking Association Foundation located?
North Carolina Trucking Association Foundation is headquartered in Raleigh, North Carolina and files with the IRS under EIN 561893210. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does North Carolina Trucking Association Foundation have?
North Carolina Trucking Association Foundation has 12 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for North Carolina Trucking Association Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), North Carolina Trucking Association Foundation's revenue has grown by 5087%, moving from $25K to $1.3M. Total assets increased by 1869.6% over the same period, from $83K to $1.6M. Total functional expenses rose by 3684.1%, from $10K to $390K. In its most recent filing year (2023), North Carolina Trucking Association Foundation reported a surplus of $906K, with revenue exceeding expenses. The organization holds $403K in liabilities against $1.6M in assets (debt-to-asset ratio: 24.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $390K | $1.6M | $403K | — | — |
| 2022 | $279K | $121K | $496K | $185K | — | View 990 |
| 2021 | $22K | $21K | $191K | $15K | — | View 990 |
| 2020 | $4K | $13K | $181K | $9K | — | — |
| 2019 | $52K | $20K | $172K | $4K | — | View 990 |
| 2018 | $19K | $27K | $156K | $22K | — | View 990 |
| 2017 | $15K | $16K | $178K | $29K | — | View 990 |
| 2016 | $15K | $5K | $152K | $13K | — | View 990 |
| 2015 | $27K | $11K | $138K | $11K | — | View 990 |
| 2014 | $23K | $9K | $122K | $4K | — | View 990 |
| 2013 | $12K | $12K | $107K | $4K | — | View 990 |
| 2011 | $25K | $10K | $83K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $390K, and assets of $1.6M (revenue +364.2% year-over-year).
- 2022: Revenue of $279K, expenses of $121K, and assets of $496K (revenue +1176.7% year-over-year).
- 2021: Revenue of $22K, expenses of $21K, and assets of $191K (revenue +465.9% year-over-year).
- 2020: Revenue of $4K, expenses of $13K, and assets of $181K (revenue -92.6% year-over-year).
- 2019: Revenue of $52K, expenses of $20K, and assets of $172K (revenue +167.6% year-over-year).
- 2018: Revenue of $19K, expenses of $27K, and assets of $156K (revenue +29.3% year-over-year).
- 2017: Revenue of $15K, expenses of $16K, and assets of $178K (revenue +0.2% year-over-year).
- 2016: Revenue of $15K, expenses of $5K, and assets of $152K (revenue -44.3% year-over-year).
- 2015: Revenue of $27K, expenses of $11K, and assets of $138K (revenue +16.2% year-over-year).
- 2014: Revenue of $23K, expenses of $9K, and assets of $122K (revenue +94.8% year-over-year).
- 2013: Revenue of $12K, expenses of $12K, and assets of $107K (revenue -52.6% year-over-year).
- 2011: Revenue of $25K, expenses of $10K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Trucking Association Foundation:
Data Sources and Methodology
This transparency report for North Carolina Trucking Association Foundation 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.