The Huntsville Margarita Society
EIN: 721345989 · Huntsville, AL · NTEE: P58
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $240K |
| Net Assets | $68K |
Is The Huntsville Margarita Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Huntsville Margarita Society
The Huntsville Margarita Society (EIN: 721345989) is a nonprofit organization based in Huntsville, AL, classified under NTEE code P58. The organization reported total revenue of $314K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Huntsville Margarita Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Huntsville Margarita Society is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 75.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $240K |
| Surplus / Deficit | +$17K |
| Total Assets | $68K |
| Net Assets | $68K |
| Operating Margin | 6.7% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, The Huntsville Margarita Society reported a surplus of $17K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2016–2023), The Huntsville Margarita Society's revenue has grown at a compound annual growth rate (CAGR) of 75.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +296.4% | +359.1% | +34.3% |
| 2022 | +391.2% | +1472.4% | +33.5% |
| 2021 | -43.3% | -51.9% | +35.6% |
| 2020 | +108.4% | +44.5% | +144.5% |
| 2019 | +137.9% | -16.2% | +129.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Huntsville Margarita Society 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 The Huntsville Margarita Society 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 $17K, with revenue exceeding expenses.
Frequently Asked Questions about The Huntsville Margarita Society
Is The Huntsville Margarita Society a legitimate charity?
Based on AI analysis of IRS 990 filings, The Huntsville Margarita Society (EIN: 721345989) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Huntsville Margarita Society spend its money?
Detailed spending breakdown data is not yet available for The Huntsville Margarita Society. Check back for updated IRS 990 analysis.
Are donations to The Huntsville Margarita Society tax-deductible?
The Huntsville Margarita Society is registered as a tax-exempt nonprofit (EIN: 721345989). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Huntsville Margarita Society located?
The Huntsville Margarita Society is headquartered in Huntsville, Alabama and files with the IRS under EIN 721345989. It is classified under NTEE code P58.
How many years of IRS 990 filings does The Huntsville Margarita Society have?
The Huntsville Margarita Society has 8 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 $314K in total revenue.
Filing History
IRS 990 filing history for The Huntsville Margarita Society showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), The Huntsville Margarita Society's revenue has grown by 5055%, moving from $5K to $257K. Total assets increased by 761% over the same period, from $8K to $68K. Total functional expenses rose by 3060.3%, from $8K to $240K. In its most recent filing year (2023), The Huntsville Margarita Society reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $240K | $68K | $0 | — | View 990 |
| 2022 | $65K | $52K | $50K | $0 | — | View 990 |
| 2021 | $13K | $3K | $38K | $0 | — | — |
| 2020 | $23K | $7K | $28K | $0 | — | View 990 |
| 2019 | $11K | $5K | $11K | $0 | — | View 990 |
| 2018 | $5K | $6K | $5K | $0 | — | — |
| 2017 | $3K | $5K | $6K | $0 | — | View 990 |
| 2016 | $5K | $8K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $240K, and assets of $68K (revenue +296.4% year-over-year).
- 2022: Revenue of $65K, expenses of $52K, and assets of $50K (revenue +391.2% year-over-year).
- 2021: Revenue of $13K, expenses of $3K, and assets of $38K (revenue -43.3% year-over-year).
- 2020: Revenue of $23K, expenses of $7K, and assets of $28K (revenue +108.4% year-over-year).
- 2019: Revenue of $11K, expenses of $5K, and assets of $11K (revenue +137.9% year-over-year).
- 2018: Revenue of $5K, expenses of $6K, and assets of $5K (revenue +40.8% year-over-year).
- 2017: Revenue of $3K, expenses of $5K, and assets of $6K (revenue -33.0% year-over-year).
- 2016: Revenue of $5K, expenses of $8K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Huntsville Margarita Society:
Data Sources and Methodology
This transparency report for The Huntsville Margarita Society 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.