Topsail Island Association Of Realtors Inc
EIN: 561763640 · Holly Ridge, NC
| Metric | Value |
|---|---|
| Total Revenue | $232K |
| Total Expenses | $237K |
| Net Assets | $208K |
Is Topsail Island Association Of Realtors Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Topsail Island Association Of Realtors Inc
Topsail Island Association Of Realtors Inc (EIN: 561763640) is a nonprofit organization based in Holly Ridge, NC. The organization reported total revenue of $232K and total assets of $270K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Topsail Island Association Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Topsail Island Association Of Realtors Inc is a small nonprofit that has been operating for 31 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $237K |
| Surplus / Deficit | $-2,474 |
| Total Assets | $287K |
| Total Liabilities | $79K |
| Net Assets | $208K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 27.4% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Topsail Island Association Of Realtors Inc reported a deficit of $2K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 27.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Topsail Island Association Of Realtors Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +3.6% | +6.7% |
| 2022 | +7.8% | +5.0% | -1.4% |
| 2021 | +0.5% | +10.3% | +7.8% |
| 2020 | +13.5% | -7.2% | +6.7% |
| 2019 | -0.6% | +3.5% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Topsail Island Association Of Realtors 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 Topsail Island Association Of Realtors 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.4%.
Frequently Asked Questions about Topsail Island Association Of Realtors Inc
Is Topsail Island Association Of Realtors Inc a legitimate charity?
Topsail Island Association Of Realtors Inc (EIN: 561763640) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $232K. No red flags identified. Financial health grade: B.
How does Topsail Island Association Of Realtors Inc spend its money?
Topsail Island Association Of Realtors Inc reported $232K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Topsail Island Association Of Realtors Inc tax-deductible?
Topsail Island Association Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 561763640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Topsail Island Association Of Realtors Inc located?
Topsail Island Association Of Realtors Inc is headquartered in Holly Ridge, North Carolina and files with the IRS under EIN 561763640.
How many years of IRS 990 filings does Topsail Island Association Of Realtors Inc have?
Topsail Island Association Of Realtors Inc has 14 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 $232K in total revenue.
Filing History
IRS 990 filing history for Topsail Island Association Of Realtors Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Topsail Island Association Of Realtors Inc's revenue has declined by 11.3%, moving from $264K to $235K. Total assets increased by 80.3% over the same period, from $159K to $287K. Total functional expenses fell by 16.8%, from $285K to $237K. In its most recent filing year (2023), Topsail Island Association Of Realtors Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $79K in liabilities against $287K in assets (debt-to-asset ratio: 27.4%), resulting in net assets of $208K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $237K | $287K | $79K | — | View 990 |
| 2022 | $244K | $229K | $269K | $58K | — | View 990 |
| 2021 | $227K | $218K | $272K | $78K | — | View 990 |
| 2020 | $225K | $198K | $253K | $67K | — | — |
| 2019 | $199K | $213K | $237K | $79K | — | View 990 |
| 2018 | $200K | $206K | $223K | $51K | — | View 990 |
| 2017 | $205K | $204K | $244K | $66K | — | View 990 |
| 2016 | $212K | $221K | $214K | $36K | — | View 990 |
| 2015 | $290K | $268K | $230K | $43K | — | View 990 |
| 2014 | $264K | $252K | $214K | $50K | — | View 990 |
| 2013 | $325K | $294K | $192K | $2K | — | View 990 |
| 2012 | $258K | $277K | $162K | $2K | — | View 990 |
| 2011 | $293K | $271K | $181K | $2K | — | View 990 |
| 2010 | $264K | $285K | $159K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $237K, and assets of $287K (revenue -4.0% year-over-year).
- 2022: Revenue of $244K, expenses of $229K, and assets of $269K (revenue +7.8% year-over-year).
- 2021: Revenue of $227K, expenses of $218K, and assets of $272K (revenue +0.5% year-over-year).
- 2020: Revenue of $225K, expenses of $198K, and assets of $253K (revenue +13.5% year-over-year).
- 2019: Revenue of $199K, expenses of $213K, and assets of $237K (revenue -0.6% year-over-year).
- 2018: Revenue of $200K, expenses of $206K, and assets of $223K (revenue -2.3% year-over-year).
- 2017: Revenue of $205K, expenses of $204K, and assets of $244K (revenue -3.5% year-over-year).
- 2016: Revenue of $212K, expenses of $221K, and assets of $214K (revenue -27.0% year-over-year).
- 2015: Revenue of $290K, expenses of $268K, and assets of $230K (revenue +9.9% year-over-year).
- 2014: Revenue of $264K, expenses of $252K, and assets of $214K (revenue -18.6% year-over-year).
- 2013: Revenue of $325K, expenses of $294K, and assets of $192K (revenue +26.0% year-over-year).
- 2012: Revenue of $258K, expenses of $277K, and assets of $162K (revenue -12.1% year-over-year).
- 2011: Revenue of $293K, expenses of $271K, and assets of $181K (revenue +10.8% year-over-year).
- 2010: Revenue of $264K, expenses of $285K, and assets of $159K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Topsail Island Association Of Realtors Inc:
Data Sources and Methodology
This transparency report for Topsail Island Association Of Realtors 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.