Scotfest Inc
EIN: 731169614 · Tulsa, OK · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $377K |
| Total Expenses | $607K |
| Net Assets | $89K |
Is Scotfest Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scotfest Inc
Scotfest Inc (EIN: 731169614) is a nonprofit organization based in Tulsa, OK, classified under NTEE code A23. The organization reported total revenue of $377K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scotfest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scotfest Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $561K |
| Total Expenses | $607K |
| Surplus / Deficit | $-46,227 |
| Total Assets | $89K |
| Net Assets | $89K |
| Operating Margin | -8.2% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Scotfest Inc reported a deficit of $46K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Scotfest Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.9% | +2.7% | -34.3% |
| 2022 | +9.2% | +49.0% | -4.9% |
| 2021 | +920.1% | +671.8% | +1326.3% |
| 2020 | -80.0% | -83.0% | +10.8% |
| 2019 | +10.8% | +44.3% | -81.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scotfest 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 Scotfest 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 $46K, with expenses exceeding revenue.
Frequently Asked Questions about Scotfest Inc
Is Scotfest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scotfest Inc (EIN: 731169614) insufficient data. 0 red flags identified, 0 strengths noted.
How does Scotfest Inc spend its money?
Detailed spending breakdown data is not yet available for Scotfest Inc. Check back for updated IRS 990 analysis.
Are donations to Scotfest Inc tax-deductible?
Scotfest Inc is registered as a tax-exempt nonprofit (EIN: 731169614). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scotfest Inc located?
Scotfest Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 731169614. It is classified under NTEE code A23.
How many years of IRS 990 filings does Scotfest Inc have?
Scotfest Inc has 13 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 $377K in total revenue.
Filing History
IRS 990 filing history for Scotfest Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scotfest Inc's revenue has grown by 244.2%, moving from $163K to $561K. Total assets increased by 929.8% over the same period, from $9K to $89K. Total functional expenses rose by 286.7%, from $157K to $607K. In its most recent filing year (2023), Scotfest Inc reported a deficit of $46K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $561K | $607K | $89K | $0 | — | — |
| 2022 | $583K | $591K | $135K | $0 | — | — |
| 2021 | $534K | $396K | $142K | $0 | — | View 990 |
| 2020 | $52K | $51K | $10K | $0 | — | View 990 |
| 2019 | $261K | $302K | $9K | $0 | — | View 990 |
| 2018 | $236K | $209K | $49K | $0 | — | View 990 |
| 2017 | $198K | $168K | $22K | $0 | — | View 990 |
| 2016 | $179K | $180K | $-7,455 | $0 | — | View 990 |
| 2015 | $188K | $208K | $-6,592 | $0 | — | View 990 |
| 2014 | $150K | $144K | $13K | $0 | — | View 990 |
| 2013 | $164K | $127K | $13K | $0 | — | View 990 |
| 2012 | $125K | $119K | $12K | $0 | — | View 990 |
| 2011 | $163K | $157K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $561K, expenses of $607K, and assets of $89K (revenue -3.9% year-over-year).
- 2022: Revenue of $583K, expenses of $591K, and assets of $135K (revenue +9.2% year-over-year).
- 2021: Revenue of $534K, expenses of $396K, and assets of $142K (revenue +920.1% year-over-year).
- 2020: Revenue of $52K, expenses of $51K, and assets of $10K (revenue -80.0% year-over-year).
- 2019: Revenue of $261K, expenses of $302K, and assets of $9K (revenue +10.8% year-over-year).
- 2018: Revenue of $236K, expenses of $209K, and assets of $49K (revenue +19.1% year-over-year).
- 2017: Revenue of $198K, expenses of $168K, and assets of $22K (revenue +10.5% year-over-year).
- 2016: Revenue of $179K, expenses of $180K, and assets of $-7,455 (revenue -4.6% year-over-year).
- 2015: Revenue of $188K, expenses of $208K, and assets of $-6,592 (revenue +25.4% year-over-year).
- 2014: Revenue of $150K, expenses of $144K, and assets of $13K (revenue -8.7% year-over-year).
- 2013: Revenue of $164K, expenses of $127K, and assets of $13K (revenue +31.3% year-over-year).
- 2012: Revenue of $125K, expenses of $119K, and assets of $12K (revenue -23.2% year-over-year).
- 2011: Revenue of $163K, expenses of $157K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scotfest Inc:
Data Sources and Methodology
This transparency report for Scotfest 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.