Tougaloo College Research And Development Inc
EIN: 823759049 · Tougaloo, MS · NTEE: B05
| Metric | Value |
|---|---|
| Total Revenue | $690K |
| Total Expenses | $623K |
| Net Assets | $1.1M |
Is Tougaloo College Research And Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tougaloo College Research And Development Inc
Tougaloo College Research And Development Inc (EIN: 823759049) is a nonprofit organization based in Tougaloo, MS, classified under NTEE code B05. The organization reported total revenue of $690K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tougaloo College Research And Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tougaloo College Research And Development Inc is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $690K |
| Total Expenses | $623K |
| Surplus / Deficit | +$67K |
| Total Assets | $1.1M |
| Total Liabilities | $16K |
| Net Assets | $1.1M |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 21.4 months |
Financial Health Grade: A
In 2023, Tougaloo College Research And Development Inc reported a surplus of $67K with revenue exceeding expenses, holds 21.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 4 years of filings (2018–2023), Tougaloo College Research And Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.4% | +17.6% | +6.2% |
| 2022 | +37.3% | +68.9% | -2.4% |
| 2021 | -64.1% | — | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tougaloo College Research And Development 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 Tougaloo College Research And Development 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 surplus of $67K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Tougaloo College Research And Development Inc
Is Tougaloo College Research And Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tougaloo College Research And Development Inc (EIN: 823759049) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tougaloo College Research And Development Inc spend its money?
Detailed spending breakdown data is not yet available for Tougaloo College Research And Development Inc. Check back for updated IRS 990 analysis.
Are donations to Tougaloo College Research And Development Inc tax-deductible?
Tougaloo College Research And Development Inc is registered as a tax-exempt nonprofit (EIN: 823759049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tougaloo College Research And Development Inc located?
Tougaloo College Research And Development Inc is headquartered in Tougaloo, Mississippi and files with the IRS under EIN 823759049. It is classified under NTEE code B05.
How many years of IRS 990 filings does Tougaloo College Research And Development Inc have?
Tougaloo College Research And Development Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $690K in total revenue.
Filing History
IRS 990 filing history for Tougaloo College Research And Development Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2023), Tougaloo College Research And Development Inc's revenue has declined by 31.4%, moving from $1.0M to $690K. Total assets increased by 10.3% over the same period, from $1.0M to $1.1M. In its most recent filing year (2023), Tougaloo College Research And Development Inc reported a surplus of $67K, with revenue exceeding expenses. The organization holds $16K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $690K | $623K | $1.1M | $16K | — | — |
| 2022 | $495K | $529K | $1.0M | $19K | — | View 990 |
| 2021 | $361K | $313K | $1.1M | $10K | — | View 990 |
| 2018 | $1.0M | $0 | $1.0M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $690K, expenses of $623K, and assets of $1.1M (revenue +39.4% year-over-year).
- 2022: Revenue of $495K, expenses of $529K, and assets of $1.0M (revenue +37.3% year-over-year).
- 2021: Revenue of $361K, expenses of $313K, and assets of $1.1M (revenue -64.1% year-over-year).
- 2018: Revenue of $1.0M, expenses of $0, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tougaloo College Research And Development Inc:
Data Sources and Methodology
This transparency report for Tougaloo College Research And Development 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.