Tear Cap Workshops
EIN: 812146981 · Hiram, ME · NTEE: A25
| Metric | Value |
|---|---|
| Total Revenue | $118K |
| Total Expenses | $102K |
| Net Assets | $164K |
Is Tear Cap Workshops Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tear Cap Workshops
Tear Cap Workshops (EIN: 812146981) is a nonprofit organization based in Hiram, ME, classified under NTEE code A25. The organization reported total revenue of $118K and total assets of $323K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tear Cap Workshops's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tear Cap Workshops is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $102K |
| Surplus / Deficit | +$9K |
| Total Assets | $286K |
| Total Liabilities | $122K |
| Net Assets | $164K |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 42.6% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Tear Cap Workshops reported a surplus of $9K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.6% (moderate leverage).
Financial Trends
Over 6 years of filings (2018–2023), Tear Cap Workshops's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.8% | +26.3% | +0.7% |
| 2022 | +11.4% | +6.4% | +13.8% |
| 2021 | +59.0% | +7.8% | +35.7% |
| 2020 | +2.9% | +3.0% | -4.6% |
| 2019 | -21.8% | -0.8% | +44.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tear Cap Workshops 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 Tear Cap Workshops 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.6%.
Frequently Asked Questions about Tear Cap Workshops
Is Tear Cap Workshops a legitimate charity?
Based on AI analysis of IRS 990 filings, Tear Cap Workshops (EIN: 812146981) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tear Cap Workshops spend its money?
Detailed spending breakdown data is not yet available for Tear Cap Workshops. Check back for updated IRS 990 analysis.
Are donations to Tear Cap Workshops tax-deductible?
Tear Cap Workshops is registered as a tax-exempt nonprofit (EIN: 812146981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tear Cap Workshops located?
Tear Cap Workshops is headquartered in Hiram, Maine and files with the IRS under EIN 812146981. It is classified under NTEE code A25.
How many years of IRS 990 filings does Tear Cap Workshops have?
Tear Cap Workshops has 6 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 $118K in total revenue.
Filing History
IRS 990 filing history for Tear Cap Workshops showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Tear Cap Workshops's revenue has grown by 30%, moving from $85K to $111K. Total assets increased by 113.9% over the same period, from $134K to $286K. Total functional expenses rose by 48%, from $69K to $102K. In its most recent filing year (2023), Tear Cap Workshops reported a surplus of $9K, with revenue exceeding expenses. The organization holds $122K in liabilities against $286K in assets (debt-to-asset ratio: 42.6%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $102K | $286K | $122K | — | — |
| 2022 | $122K | $81K | $283K | $128K | — | — |
| 2021 | $109K | $76K | $249K | $135K | — | — |
| 2020 | $69K | $70K | $184K | $141K | — | — |
| 2019 | $67K | $68K | $192K | $148K | — | View 990 |
| 2018 | $85K | $69K | $134K | $155K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $111K, expenses of $102K, and assets of $286K (revenue -8.8% year-over-year).
- 2022: Revenue of $122K, expenses of $81K, and assets of $283K (revenue +11.4% year-over-year).
- 2021: Revenue of $109K, expenses of $76K, and assets of $249K (revenue +59.0% year-over-year).
- 2020: Revenue of $69K, expenses of $70K, and assets of $184K (revenue +2.9% year-over-year).
- 2019: Revenue of $67K, expenses of $68K, and assets of $192K (revenue -21.8% year-over-year).
- 2018: Revenue of $85K, expenses of $69K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tear Cap Workshops:
Data Sources and Methodology
This transparency report for Tear Cap Workshops 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.