Shreveport Multicultural Center Inc
EIN: 721439641 · Shreveport, LA · NTEE: A200
| Metric | Value |
|---|---|
| Total Revenue | $310K |
| Total Expenses | $301K |
| Net Assets | $283K |
Is Shreveport Multicultural Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shreveport Multicultural Center Inc
Shreveport Multicultural Center Inc (EIN: 721439641) is a nonprofit organization based in Shreveport, LA, classified under NTEE code A200. The organization reported total revenue of $310K and total assets of $311K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shreveport Multicultural Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shreveport Multicultural Center Inc is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $341K |
| Total Expenses | $301K |
| Surplus / Deficit | +$41K |
| Total Assets | $499K |
| Total Liabilities | $216K |
| Net Assets | $283K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 43.3% |
| Months of Reserves | 19.9 months |
Financial Health Grade: A
In 2023, Shreveport Multicultural Center Inc reported a surplus of $41K with revenue exceeding expenses, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 43.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Shreveport Multicultural Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.1% | +4.4% | +8.5% |
| 2022 | +5.9% | +13.4% | +84.8% |
| 2021 | -5.6% | -2.5% | +5.2% |
| 2020 | -2.2% | -13.1% | +9.2% |
| 2019 | +30.4% | +5.3% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shreveport Multicultural Center 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 Shreveport Multicultural Center 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 surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.3%.
Frequently Asked Questions about Shreveport Multicultural Center Inc
Is Shreveport Multicultural Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shreveport Multicultural Center Inc (EIN: 721439641) insufficient data. 0 red flags identified, 0 strengths noted.
How does Shreveport Multicultural Center Inc spend its money?
Detailed spending breakdown data is not yet available for Shreveport Multicultural Center Inc. Check back for updated IRS 990 analysis.
Are donations to Shreveport Multicultural Center Inc tax-deductible?
Shreveport Multicultural Center Inc is registered as a tax-exempt nonprofit (EIN: 721439641). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shreveport Multicultural Center Inc located?
Shreveport Multicultural Center Inc is headquartered in Shreveport, Louisiana and files with the IRS under EIN 721439641. It is classified under NTEE code A200.
How many years of IRS 990 filings does Shreveport Multicultural Center Inc have?
Shreveport Multicultural Center Inc 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 $310K in total revenue.
Filing History
IRS 990 filing history for Shreveport Multicultural Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Shreveport Multicultural Center Inc's revenue has grown by 28.7%, moving from $265K to $341K. Total assets increased by 46.2% over the same period, from $341K to $499K. Total functional expenses rose by 11.3%, from $270K to $301K. In its most recent filing year (2023), Shreveport Multicultural Center Inc reported a surplus of $41K, with revenue exceeding expenses. The organization holds $216K in liabilities against $499K in assets (debt-to-asset ratio: 43.3%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $341K | $301K | $499K | $216K | — | View 990 |
| 2022 | $284K | $288K | $460K | $217K | — | View 990 |
| 2021 | $268K | $254K | $249K | $3K | — | View 990 |
| 2020 | $284K | $260K | $237K | $5K | — | — |
| 2019 | $291K | $300K | $217K | $9K | — | View 990 |
| 2018 | $223K | $285K | $220K | $3K | — | View 990 |
| 2017 | $272K | $286K | $282K | $4K | — | View 990 |
| 2016 | $278K | $269K | $295K | $3K | — | View 990 |
| 2015 | $288K | $256K | $288K | $4K | — | View 990 |
| 2013 | $320K | $344K | $297K | $8K | — | View 990 |
| 2012 | $281K | $291K | $330K | $16K | — | View 990 |
| 2011 | $265K | $270K | $341K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $341K, expenses of $301K, and assets of $499K (revenue +20.1% year-over-year).
- 2022: Revenue of $284K, expenses of $288K, and assets of $460K (revenue +5.9% year-over-year).
- 2021: Revenue of $268K, expenses of $254K, and assets of $249K (revenue -5.6% year-over-year).
- 2020: Revenue of $284K, expenses of $260K, and assets of $237K (revenue -2.2% year-over-year).
- 2019: Revenue of $291K, expenses of $300K, and assets of $217K (revenue +30.4% year-over-year).
- 2018: Revenue of $223K, expenses of $285K, and assets of $220K (revenue -18.2% year-over-year).
- 2017: Revenue of $272K, expenses of $286K, and assets of $282K (revenue -2.0% year-over-year).
- 2016: Revenue of $278K, expenses of $269K, and assets of $295K (revenue -3.6% year-over-year).
- 2015: Revenue of $288K, expenses of $256K, and assets of $288K (revenue -9.8% year-over-year).
- 2013: Revenue of $320K, expenses of $344K, and assets of $297K (revenue +13.6% year-over-year).
- 2012: Revenue of $281K, expenses of $291K, and assets of $330K (revenue +6.2% year-over-year).
- 2011: Revenue of $265K, expenses of $270K, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shreveport Multicultural Center Inc:
Data Sources and Methodology
This transparency report for Shreveport Multicultural Center 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.