Tarkanian Basketball Academy Inc
EIN: 571151598 · Las Vegas, NV · NTEE: N62
| Metric | Value |
|---|---|
| Total Revenue | $816K |
| Total Expenses | $694K |
| Net Assets | $468K |
Is Tarkanian Basketball Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tarkanian Basketball Academy Inc
Tarkanian Basketball Academy Inc (EIN: 571151598) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code N62. The organization reported total revenue of $816K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tarkanian Basketball Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tarkanian Basketball Academy Inc is a small nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $660K |
| Total Expenses | $694K |
| Surplus / Deficit | $-34,020 |
| Total Assets | $1.0M |
| Total Liabilities | $554K |
| Net Assets | $468K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 54.2% |
| Months of Reserves | 17.7 months |
Financial Health Grade: C
In 2023, Tarkanian Basketball Academy Inc reported a deficit of $34K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 54.2% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Tarkanian Basketball Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.4% | +15.1% | -5.8% |
| 2022 | +9.3% | +4.1% | +12.6% |
| 2021 | +81.7% | +19.2% | +41.5% |
| 2020 | -35.2% | -13.8% | +38.0% |
| 2018 | -6.5% | -22.4% | -7.6% |
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 Tarkanian Basketball Academy 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 Tarkanian Basketball Academy 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 $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.2%.
Frequently Asked Questions about Tarkanian Basketball Academy Inc
Is Tarkanian Basketball Academy Inc a legitimate charity?
Tarkanian Basketball Academy Inc (EIN: 571151598) is a registered tax-exempt nonprofit based in Nevada. It has 10 years of IRS 990 filings on record. Total revenue: $816K. No red flags identified. Financial health grade: C.
How does Tarkanian Basketball Academy Inc spend its money?
Tarkanian Basketball Academy Inc reported $816K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tarkanian Basketball Academy Inc tax-deductible?
Tarkanian Basketball Academy Inc is registered as a tax-exempt nonprofit (EIN: 571151598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tarkanian Basketball Academy Inc located?
Tarkanian Basketball Academy Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 571151598. It is classified under NTEE code N62.
How many years of IRS 990 filings does Tarkanian Basketball Academy Inc have?
Tarkanian Basketball Academy Inc has 10 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 $816K in total revenue.
Filing History
IRS 990 filing history for Tarkanian Basketball Academy Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Tarkanian Basketball Academy Inc's revenue has grown by 32.2%, moving from $499K to $660K. Total assets increased by 99.1% over the same period, from $513K to $1.0M. Total functional expenses rose by 35.2%, from $513K to $694K. In its most recent filing year (2023), Tarkanian Basketball Academy Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $554K in liabilities against $1.0M in assets (debt-to-asset ratio: 54.2%), resulting in net assets of $468K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $660K | $694K | $1.0M | $554K | — | View 990 |
| 2022 | $736K | $603K | $1.1M | $583K | — | — |
| 2021 | $673K | $579K | $963K | $594K | — | View 990 |
| 2020 | $371K | $486K | $681K | $419K | — | — |
| 2018 | $572K | $564K | $493K | $81K | — | View 990 |
| 2015 | $612K | $727K | $534K | $27K | — | View 990 |
| 2014 | $631K | $677K | $621K | $0 | — | View 990 |
| 2013 | $632K | $567K | $684K | $17K | — | View 990 |
| 2012 | $478K | $376K | $623K | $22K | — | View 990 |
| 2011 | $499K | $513K | $513K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $660K, expenses of $694K, and assets of $1.0M (revenue -10.4% year-over-year).
- 2022: Revenue of $736K, expenses of $603K, and assets of $1.1M (revenue +9.3% year-over-year).
- 2021: Revenue of $673K, expenses of $579K, and assets of $963K (revenue +81.7% year-over-year).
- 2020: Revenue of $371K, expenses of $486K, and assets of $681K (revenue -35.2% year-over-year).
- 2018: Revenue of $572K, expenses of $564K, and assets of $493K (revenue -6.5% year-over-year).
- 2015: Revenue of $612K, expenses of $727K, and assets of $534K (revenue -3.0% year-over-year).
- 2014: Revenue of $631K, expenses of $677K, and assets of $621K (revenue -0.2% year-over-year).
- 2013: Revenue of $632K, expenses of $567K, and assets of $684K (revenue +32.3% year-over-year).
- 2012: Revenue of $478K, expenses of $376K, and assets of $623K (revenue -4.3% year-over-year).
- 2011: Revenue of $499K, expenses of $513K, and assets of $513K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tarkanian Basketball Academy Inc:
Data Sources and Methodology
This transparency report for Tarkanian Basketball Academy 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.