Tipitinas Foundation Inc
EIN: 562343978 · New Orleans, LA · NTEE: A6C
| Metric | Value |
|---|---|
| Total Revenue | $994K |
| Total Expenses | $1.0M |
| Net Assets | $175K |
Is Tipitinas Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tipitinas Foundation Inc
Tipitinas Foundation Inc (EIN: 562343978) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A6C. The organization reported total revenue of $994K and total assets of $687K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tipitinas Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tipitinas Foundation Inc is a small nonprofit that has been operating for 23 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $911K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-92,066 |
| Total Assets | $687K |
| Total Liabilities | $512K |
| Net Assets | $175K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 74.6% |
| Months of Reserves | 8.2 months |
Financial Health Grade: C
In 2017, Tipitinas Foundation Inc reported a deficit of $92K with expenses exceeding revenue, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 74.6% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Tipitinas Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +6.8% | -19.8% | -25.5% |
| 2016 | -31.8% | -17.9% | -19.8% |
| 2015 | -30.2% | -3.8% | -15.9% |
| 2014 | +14.9% | +-0.0% | +8.3% |
| 2013 | +10.4% | +56.4% | +65.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tipitinas Foundation 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 Tipitinas Foundation 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.6%.
Frequently Asked Questions about Tipitinas Foundation Inc
Is Tipitinas Foundation Inc a legitimate charity?
Tipitinas Foundation Inc (EIN: 562343978) is a registered tax-exempt nonprofit based in Louisiana. It has 7 years of IRS 990 filings on record. Total revenue: $994K. No red flags identified. Financial health grade: C.
How does Tipitinas Foundation Inc spend its money?
Tipitinas Foundation Inc reported $994K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tipitinas Foundation Inc tax-deductible?
Tipitinas Foundation Inc is registered as a tax-exempt nonprofit (EIN: 562343978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tipitinas Foundation Inc located?
Tipitinas Foundation Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 562343978. It is classified under NTEE code A6C.
How many years of IRS 990 filings does Tipitinas Foundation Inc have?
Tipitinas Foundation Inc has 7 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 $994K in total revenue.
Filing History
IRS 990 filing history for Tipitinas Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Tipitinas Foundation Inc's revenue has grown by 5.3%, moving from $865K to $911K. Total assets increased by 88.1% over the same period, from $365K to $687K. Total functional expenses rose by 18.9%, from $844K to $1.0M. In its most recent filing year (2017), Tipitinas Foundation Inc reported a deficit of $92K, with expenses exceeding revenue. The organization holds $512K in liabilities against $687K in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $911K | $1.0M | $687K | $512K | — | View 990 |
| 2016 | $853K | $1.3M | $922K | $975K | — | View 990 |
| 2015 | $1.3M | $1.5M | $1.2M | $805K | — | View 990 |
| 2014 | $1.8M | $1.6M | $1.4M | $751K | — | View 990 |
| 2013 | $1.6M | $1.6M | $1.3M | $855K | — | View 990 |
| 2012 | $1.4M | $1.0M | $765K | $7K | — | View 990 |
| 2011 | $865K | $844K | $365K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $911K, expenses of $1.0M, and assets of $687K (revenue +6.8% year-over-year).
- 2016: Revenue of $853K, expenses of $1.3M, and assets of $922K (revenue -31.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $1.2M (revenue -30.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.6M, and assets of $1.4M (revenue +14.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $1.3M (revenue +10.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.0M, and assets of $765K (revenue +63.4% year-over-year).
- 2011: Revenue of $865K, expenses of $844K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tipitinas Foundation Inc:
Data Sources and Methodology
This transparency report for Tipitinas Foundation 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.