Tobacco Associates Incorporated
EIN: 560498664 · Raleigh, NC
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $518K |
| Net Assets | $978K |
Is Tobacco Associates Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tobacco Associates Incorporated
Tobacco Associates Incorporated (EIN: 560498664) is a nonprofit organization based in Raleigh, NC. The organization reported total revenue of $523K and total assets of $995K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tobacco Associates Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tobacco Associates Incorporated is a small nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $614K |
| Total Expenses | $518K |
| Surplus / Deficit | +$96K |
| Total Assets | $1.0M |
| Total Liabilities | $58K |
| Net Assets | $978K |
| Operating Margin | 15.7% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 24.0 months |
Financial Health Grade: A
In 2023, Tobacco Associates Incorporated reported a surplus of $96K with revenue exceeding expenses, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tobacco Associates Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +2.0% | +15.7% |
| 2022 | +3.0% | +17.4% | +7.2% |
| 2021 | +33.0% | -20.9% | +15.9% |
| 2020 | -21.9% | -13.8% | -16.3% |
| 2019 | -12.2% | -23.7% | -13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tobacco Associates Incorporated 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 Tobacco Associates Incorporated 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 $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Frequently Asked Questions about Tobacco Associates Incorporated
Is Tobacco Associates Incorporated a legitimate charity?
Tobacco Associates Incorporated (EIN: 560498664) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $523K. No red flags identified. Financial health grade: A.
How does Tobacco Associates Incorporated spend its money?
Tobacco Associates Incorporated reported $523K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tobacco Associates Incorporated tax-deductible?
Tobacco Associates Incorporated is registered as a tax-exempt nonprofit (EIN: 560498664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tobacco Associates Incorporated located?
Tobacco Associates Incorporated is headquartered in Raleigh, North Carolina and files with the IRS under EIN 560498664.
How many years of IRS 990 filings does Tobacco Associates Incorporated have?
Tobacco Associates Incorporated has 13 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 $523K in total revenue.
Filing History
IRS 990 filing history for Tobacco Associates Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tobacco Associates Incorporated's revenue has declined by 3.5%, moving from $637K to $614K. Total assets decreased by 29.2% over the same period, from $1.5M to $1.0M. Total functional expenses fell by 29.9%, from $739K to $518K. In its most recent filing year (2023), Tobacco Associates Incorporated reported a surplus of $96K, with revenue exceeding expenses. The organization holds $58K in liabilities against $1.0M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $978K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $614K | $518K | $1.0M | $58K | — | View 990 |
| 2022 | $559K | $508K | $896K | $14K | — | View 990 |
| 2021 | $543K | $432K | $835K | $4K | — | View 990 |
| 2020 | $408K | $547K | $721K | $407 | — | — |
| 2019 | $523K | $634K | $861K | $2K | — | View 990 |
| 2018 | $595K | $831K | $990K | $5K | — | View 990 |
| 2017 | $789K | $790K | $1.2M | $12K | — | View 990 |
| 2016 | $726K | $1.0M | $1.2M | $25K | — | View 990 |
| 2015 | $854K | $1.0M | $1.5M | $0 | — | View 990 |
| 2014 | $986K | $955K | $1.6M | $0 | — | View 990 |
| 2013 | $809K | $756K | $1.6M | $511 | — | View 990 |
| 2012 | $839K | $749K | $1.6M | $3K | — | View 990 |
| 2011 | $637K | $739K | $1.5M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $614K, expenses of $518K, and assets of $1.0M (revenue +9.9% year-over-year).
- 2022: Revenue of $559K, expenses of $508K, and assets of $896K (revenue +3.0% year-over-year).
- 2021: Revenue of $543K, expenses of $432K, and assets of $835K (revenue +33.0% year-over-year).
- 2020: Revenue of $408K, expenses of $547K, and assets of $721K (revenue -21.9% year-over-year).
- 2019: Revenue of $523K, expenses of $634K, and assets of $861K (revenue -12.2% year-over-year).
- 2018: Revenue of $595K, expenses of $831K, and assets of $990K (revenue -24.5% year-over-year).
- 2017: Revenue of $789K, expenses of $790K, and assets of $1.2M (revenue +8.6% year-over-year).
- 2016: Revenue of $726K, expenses of $1.0M, and assets of $1.2M (revenue -15.0% year-over-year).
- 2015: Revenue of $854K, expenses of $1.0M, and assets of $1.5M (revenue -13.4% year-over-year).
- 2014: Revenue of $986K, expenses of $955K, and assets of $1.6M (revenue +21.9% year-over-year).
- 2013: Revenue of $809K, expenses of $756K, and assets of $1.6M (revenue -3.6% year-over-year).
- 2012: Revenue of $839K, expenses of $749K, and assets of $1.6M (revenue +31.8% year-over-year).
- 2011: Revenue of $637K, expenses of $739K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tobacco Associates Incorporated:
Data Sources and Methodology
This transparency report for Tobacco Associates Incorporated 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.