Roots & Heritage Festival Inc
EIN: 611329940 · Lexington, KY · NTEE: A230
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $77K |
| Net Assets | $8K |
Is Roots & Heritage Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Roots & Heritage Festival Inc
Roots & Heritage Festival Inc (EIN: 611329940) is a nonprofit organization based in Lexington, KY, classified under NTEE code A230. The organization reported total revenue of $84K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roots & Heritage Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roots & Heritage Festival Inc is a micro nonprofit that has been operating for 3 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $68K |
| Total Expenses | $77K |
| Surplus / Deficit | $-8,556 |
| Total Assets | $13K |
| Total Liabilities | $5K |
| Net Assets | $8K |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 2.1 months |
Financial Health Grade: C
In 2023, Roots & Heritage Festival Inc reported a deficit of $9K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
Over 11 years of filings (2010–2023), Roots & Heritage Festival Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -13.6% | -21.1% |
| 2022 | +103.1% | +142.2% | -48.4% |
| 2021 | -55.3% | -48.1% | +131.8% |
| 2017 | +11.7% | -0.5% | +221.9% |
| 2016 | -6.2% | -19.1% | +29.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Roots & Heritage Festival 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 Roots & Heritage Festival 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.6%.
Frequently Asked Questions about Roots & Heritage Festival Inc
Is Roots & Heritage Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Roots & Heritage Festival Inc (EIN: 611329940) insufficient data. 0 red flags identified, 0 strengths noted.
How does Roots & Heritage Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Roots & Heritage Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Roots & Heritage Festival Inc tax-deductible?
Roots & Heritage Festival Inc is registered as a tax-exempt nonprofit (EIN: 611329940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Roots & Heritage Festival Inc located?
Roots & Heritage Festival Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 611329940. It is classified under NTEE code A230.
How many years of IRS 990 filings does Roots & Heritage Festival Inc have?
Roots & Heritage Festival Inc has 11 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 $84K in total revenue.
Filing History
IRS 990 filing history for Roots & Heritage Festival Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Roots & Heritage Festival Inc's revenue has declined by 19.7%, moving from $85K to $68K. Total assets increased by 15.4% over the same period, from $12K to $13K. Total functional expenses fell by 9.1%, from $85K to $77K. In its most recent filing year (2023), Roots & Heritage Festival Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $5K in liabilities against $13K in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $8K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $68K | $77K | $13K | $5K | — | — |
| 2022 | $73K | $89K | $17K | $0 | — | View 990 |
| 2021 | $36K | $37K | $33K | $0 | — | — |
| 2017 | $80K | $71K | $14K | $0 | — | View 990 |
| 2016 | $72K | $71K | $4K | $0 | — | View 990 |
| 2015 | $77K | $88K | $3K | $0 | — | View 990 |
| 2014 | $83K | $79K | $14K | $0 | — | View 990 |
| 2013 | $85K | $82K | $11K | $0 | — | View 990 |
| 2012 | $83K | $85K | $8K | $0 | — | View 990 |
| 2011 | $80K | $83K | $9K | $0 | — | View 990 |
| 2010 | $85K | $85K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $68K, expenses of $77K, and assets of $13K (revenue -6.7% year-over-year).
- 2022: Revenue of $73K, expenses of $89K, and assets of $17K (revenue +103.1% year-over-year).
- 2021: Revenue of $36K, expenses of $37K, and assets of $33K (revenue -55.3% year-over-year).
- 2017: Revenue of $80K, expenses of $71K, and assets of $14K (revenue +11.7% year-over-year).
- 2016: Revenue of $72K, expenses of $71K, and assets of $4K (revenue -6.2% year-over-year).
- 2015: Revenue of $77K, expenses of $88K, and assets of $3K (revenue -7.0% year-over-year).
- 2014: Revenue of $83K, expenses of $79K, and assets of $14K (revenue -3.2% year-over-year).
- 2013: Revenue of $85K, expenses of $82K, and assets of $11K (revenue +2.4% year-over-year).
- 2012: Revenue of $83K, expenses of $85K, and assets of $8K (revenue +3.7% year-over-year).
- 2011: Revenue of $80K, expenses of $83K, and assets of $9K (revenue -5.3% year-over-year).
- 2010: Revenue of $85K, expenses of $85K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roots & Heritage Festival Inc:
Data Sources and Methodology
This transparency report for Roots & Heritage Festival 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.