Race To Ring Inc
EIN: 275216605 · Conover, NC
Is Race To Ring Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Race To Ring Inc
Race To Ring Inc (EIN: 275216605) is a nonprofit organization based in Conover, NC. 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 Race To Ring Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Race To Ring Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $165K |
| Surplus / Deficit | $-5,415 |
| Total Assets | $47K |
| Net Assets | $47K |
| Operating Margin | -3.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2015, Race To Ring Inc reported a deficit of $5K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 5 years of filings (2011–2015), Race To Ring Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -2.2% | -17.7% | -10.3% |
| 2014 | +7.2% | +98.5% | -41.7% |
| 2013 | +43.0% | -0.7% | +132.9% |
| 2012 | +1.6% | +43.3% | +14.0% |
AI Analysis Pending
AI enrichment for Race To Ring 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 Race To Ring 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Race To Ring Inc
Is Race To Ring Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Race To Ring Inc (EIN: 275216605) insufficient data. 0 red flags identified, 0 strengths noted.
How does Race To Ring Inc spend its money?
Detailed spending breakdown data is not yet available for Race To Ring Inc. Check back for updated IRS 990 analysis.
Are donations to Race To Ring Inc tax-deductible?
Race To Ring Inc is registered as a tax-exempt nonprofit (EIN: 275216605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Race To Ring Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Race To Ring Inc's revenue has grown by 52.3%, moving from $105K to $160K. Total assets increased by 38.8% over the same period, from $34K to $47K. Total functional expenses rose by 132.5%, from $71K to $165K. In its most recent filing year (2015), Race To Ring Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $160K | $165K | $47K | $0 | — | View 990 |
| 2014 | $164K | $201K | $52K | $0 | — | View 990 |
| 2013 | $153K | $101K | $90K | $0 | — | View 990 |
| 2012 | $107K | $102K | $39K | $0 | — | View 990 |
| 2011 | $105K | $71K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $160K, expenses of $165K, and assets of $47K (revenue -2.2% year-over-year).
- 2014: Revenue of $164K, expenses of $201K, and assets of $52K (revenue +7.2% year-over-year).
- 2013: Revenue of $153K, expenses of $101K, and assets of $90K (revenue +43.0% year-over-year).
- 2012: Revenue of $107K, expenses of $102K, and assets of $39K (revenue +1.6% year-over-year).
- 2011: Revenue of $105K, expenses of $71K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Race To Ring Inc:
Data Sources and Methodology
This transparency report for Race To Ring 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.