The Tank Center For Sonic Arts Inc
EIN: 455620412 · Rangely, CO · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $149K |
| Net Assets | $50K |
Is The Tank Center For Sonic Arts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Tank Center For Sonic Arts Inc
The Tank Center For Sonic Arts Inc (EIN: 455620412) is a nonprofit organization based in Rangely, CO, classified under NTEE code E60. The organization reported total revenue of $129K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Tank Center For Sonic Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Tank Center For Sonic Arts Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 34.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $106K |
| Total Expenses | $149K |
| Surplus / Deficit | $-43,213 |
| Total Assets | $52K |
| Total Liabilities | $2K |
| Net Assets | $50K |
| Operating Margin | -40.7% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, The Tank Center For Sonic Arts Inc reported a deficit of $43K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), The Tank Center For Sonic Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.2% | +35.1% | -42.2% |
| 2022 | -45.6% | -41.8% | +1.7% |
| 2021 | +46.8% | +32.1% | +3.9% |
| 2020 | +45.3% | +49.4% | -15.8% |
| 2019 | +42.4% | +19.5% | +34.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Tank Center For Sonic Arts 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 The Tank Center For Sonic Arts 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 $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about The Tank Center For Sonic Arts Inc
Is The Tank Center For Sonic Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Tank Center For Sonic Arts Inc (EIN: 455620412) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Tank Center For Sonic Arts Inc spend its money?
Detailed spending breakdown data is not yet available for The Tank Center For Sonic Arts Inc. Check back for updated IRS 990 analysis.
Are donations to The Tank Center For Sonic Arts Inc tax-deductible?
The Tank Center For Sonic Arts Inc is registered as a tax-exempt nonprofit (EIN: 455620412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Tank Center For Sonic Arts Inc located?
The Tank Center For Sonic Arts Inc is headquartered in Rangely, Colorado and files with the IRS under EIN 455620412. It is classified under NTEE code E60.
How many years of IRS 990 filings does The Tank Center For Sonic Arts Inc have?
The Tank Center For Sonic Arts 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 $129K in total revenue.
Filing History
IRS 990 filing history for The Tank Center For Sonic Arts Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), The Tank Center For Sonic Arts Inc's revenue has grown by 1296.7%, moving from $8K to $106K. Total assets increased by 5.7% over the same period, from $50K to $52K. Total functional expenses rose by 871.1%, from $15K to $149K. In its most recent filing year (2023), The Tank Center For Sonic Arts Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $2K in liabilities against $52K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $106K | $149K | $52K | $2K | — | — |
| 2022 | $112K | $111K | $91K | $2K | — | View 990 |
| 2021 | $206K | $190K | $89K | $2K | — | View 990 |
| 2020 | $140K | $144K | $86K | $15K | — | — |
| 2019 | $97K | $96K | $102K | $27K | — | View 990 |
| 2018 | $68K | $81K | $76K | $1K | — | View 990 |
| 2017 | $101K | $86K | $93K | $6K | — | View 990 |
| 2016 | $78K | $44K | $72K | $0 | — | View 990 |
| 2015 | $36K | $41K | $45K | $0 | — | View 990 |
| 2014 | $8K | $15K | $50K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $106K, expenses of $149K, and assets of $52K (revenue -5.2% year-over-year).
- 2022: Revenue of $112K, expenses of $111K, and assets of $91K (revenue -45.6% year-over-year).
- 2021: Revenue of $206K, expenses of $190K, and assets of $89K (revenue +46.8% year-over-year).
- 2020: Revenue of $140K, expenses of $144K, and assets of $86K (revenue +45.3% year-over-year).
- 2019: Revenue of $97K, expenses of $96K, and assets of $102K (revenue +42.4% year-over-year).
- 2018: Revenue of $68K, expenses of $81K, and assets of $76K (revenue -32.7% year-over-year).
- 2017: Revenue of $101K, expenses of $86K, and assets of $93K (revenue +29.2% year-over-year).
- 2016: Revenue of $78K, expenses of $44K, and assets of $72K (revenue +115.2% year-over-year).
- 2015: Revenue of $36K, expenses of $41K, and assets of $45K (revenue +377.1% year-over-year).
- 2014: Revenue of $8K, expenses of $15K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Tank Center For Sonic Arts Inc:
Data Sources and Methodology
This transparency report for The Tank Center For Sonic Arts 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.