Pure Light Racing
EIN: 461396604 · Honolulu, HI · NTEE: P80
| Metric | Value |
|---|---|
| Total Expenses | $9K |
| Net Assets | $25K |
Is Pure Light Racing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pure Light Racing
Pure Light Racing (EIN: 461396604) is a nonprofit organization based in Honolulu, HI, classified under NTEE code P80. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pure Light Racing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pure Light Racing is a micro nonprofit that has been operating for 13 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -15.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $9K |
| Surplus / Deficit | $-2,889 |
| Total Assets | $25K |
| Total Liabilities | $10 |
| Net Assets | $25K |
| Operating Margin | -47.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 33.1 months |
Financial Health Grade: B
In 2019, Pure Light Racing reported a deficit of $3K with expenses exceeding revenue, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2019), Pure Light Racing's revenue has declined at a compound annual growth rate (CAGR) of -15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +18.1% | -26.1% | -10.4% |
| 2018 | +420.0% | +32.0% | -20.8% |
| 2017 | -52.4% | +25.5% | -18.5% |
| 2016 | -40.3% | -16.3% | -10.9% |
| 2015 | -76.9% | -36.9% | -9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pure Light Racing 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 Pure Light Racing 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Pure Light Racing
Is Pure Light Racing a legitimate charity?
Pure Light Racing (EIN: 461396604) is a registered tax-exempt nonprofit based in Hawaii. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Pure Light Racing spend its money?
Pure Light Racing reported its financials in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pure Light Racing tax-deductible?
Pure Light Racing is registered as a tax-exempt nonprofit (EIN: 461396604). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pure Light Racing located?
Pure Light Racing is headquartered in Honolulu, Hawaii and files with the IRS under EIN 461396604. It is classified under NTEE code P80.
How many years of IRS 990 filings does Pure Light Racing have?
Pure Light Racing has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Pure Light Racing showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Pure Light Racing's revenue has declined by 69.5%, moving from $20K to $6K. Total assets increased by 23.9% over the same period, from $20K to $25K. Total functional expenses rose by 6126.9%, from $145 to $9K. In its most recent filing year (2019), Pure Light Racing reported a deficit of $3K, with expenses exceeding revenue. The organization holds $10 in liabilities against $25K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $6K | $9K | $25K | $10 | — | View 990 |
| 2018 | $5K | $12K | $28K | $10 | — | View 990 |
| 2017 | $1K | $9K | $35K | $299 | — | View 990 |
| 2016 | $2K | $7K | $43K | $10 | — | View 990 |
| 2015 | $4K | $9K | $48K | $10 | — | View 990 |
| 2014 | $15K | $14K | $54K | $0 | — | View 990 |
| 2013 | $51K | $19K | $52K | $0 | — | View 990 |
| 2012 | $20K | $145 | $20K | $145 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $6K, expenses of $9K, and assets of $25K (revenue +18.1% year-over-year).
- 2018: Revenue of $5K, expenses of $12K, and assets of $28K (revenue +420.0% year-over-year).
- 2017: Revenue of $1K, expenses of $9K, and assets of $35K (revenue -52.4% year-over-year).
- 2016: Revenue of $2K, expenses of $7K, and assets of $43K (revenue -40.3% year-over-year).
- 2015: Revenue of $4K, expenses of $9K, and assets of $48K (revenue -76.9% year-over-year).
- 2014: Revenue of $15K, expenses of $14K, and assets of $54K (revenue -70.0% year-over-year).
- 2013: Revenue of $51K, expenses of $19K, and assets of $52K (revenue +153.1% year-over-year).
- 2012: Revenue of $20K, expenses of $145, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pure Light Racing:
Data Sources and Methodology
This transparency report for Pure Light Racing 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.