Tri State Kart Club Inc
EIN: 61290886 · Pomfret Ctr, CT
Is Tri State Kart Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tri State Kart Club Inc
Tri State Kart Club Inc (EIN: 61290886) is a nonprofit organization based in Pomfret Ctr, CT. The organization reported total revenue of $117K and total assets of $334K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri State Kart Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri State Kart Club Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $96K |
| Surplus / Deficit | +$12K |
| Total Assets | $323K |
| Total Liabilities | $33K |
| Net Assets | $290K |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 40.2 months |
Financial Health Grade: A
In 2023, Tri State Kart Club Inc reported a surplus of $12K with revenue exceeding expenses, holds 40.2 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tri State Kart Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -17.3% | +2.3% |
| 2022 | -10.0% | +40.2% | -3.3% |
| 2021 | +47.2% | +14.5% | +12.3% |
| 2020 | -13.9% | +0.0% | +3.6% |
| 2019 | +34.8% | +14.6% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tri State Kart Club 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 Tri State Kart Club 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.1%.
Frequently Asked Questions about Tri State Kart Club Inc
Is Tri State Kart Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri State Kart Club Inc (EIN: 61290886) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tri State Kart Club Inc spend its money?
Detailed spending breakdown data is not yet available for Tri State Kart Club Inc. Check back for updated IRS 990 analysis.
Are donations to Tri State Kart Club Inc tax-deductible?
Tri State Kart Club Inc is registered as a tax-exempt nonprofit (EIN: 61290886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Tri State Kart Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tri State Kart Club Inc's revenue has declined by 4.6%, moving from $114K to $109K. Total assets increased by 17.9% over the same period, from $274K to $323K. Total functional expenses fell by 10%, from $107K to $96K. In its most recent filing year (2023), Tri State Kart Club Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $33K in liabilities against $323K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $290K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $109K | $96K | $323K | $33K | — | View 990 |
| 2022 | $117K | $117K | $316K | $38K | — | — |
| 2021 | $129K | $83K | $327K | $49K | — | View 990 |
| 2020 | $88K | $73K | $291K | $59K | — | — |
| 2019 | $102K | $73K | $281K | $65K | — | View 990 |
| 2018 | $76K | $63K | $257K | $70K | — | View 990 |
| 2017 | $64K | $77K | $249K | $75K | — | — |
| 2016 | $83K | $88K | $267K | $81K | — | View 990 |
| 2015 | $89K | $81K | $277K | $86K | — | View 990 |
| 2014 | $103K | $85K | $274K | $91K | — | View 990 |
| 2013 | $110K | $109K | $261K | $96K | — | View 990 |
| 2012 | $124K | $122K | $265K | $102K | — | View 990 |
| 2011 | $114K | $107K | $274K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $109K, expenses of $96K, and assets of $323K (revenue -6.5% year-over-year).
- 2022: Revenue of $117K, expenses of $117K, and assets of $316K (revenue -10.0% year-over-year).
- 2021: Revenue of $129K, expenses of $83K, and assets of $327K (revenue +47.2% year-over-year).
- 2020: Revenue of $88K, expenses of $73K, and assets of $291K (revenue -13.9% year-over-year).
- 2019: Revenue of $102K, expenses of $73K, and assets of $281K (revenue +34.8% year-over-year).
- 2018: Revenue of $76K, expenses of $63K, and assets of $257K (revenue +17.5% year-over-year).
- 2017: Revenue of $64K, expenses of $77K, and assets of $249K (revenue -22.2% year-over-year).
- 2016: Revenue of $83K, expenses of $88K, and assets of $267K (revenue -7.5% year-over-year).
- 2015: Revenue of $89K, expenses of $81K, and assets of $277K (revenue -13.3% year-over-year).
- 2014: Revenue of $103K, expenses of $85K, and assets of $274K (revenue -6.2% year-over-year).
- 2013: Revenue of $110K, expenses of $109K, and assets of $261K (revenue -11.2% year-over-year).
- 2012: Revenue of $124K, expenses of $122K, and assets of $265K (revenue +8.5% year-over-year).
- 2011: Revenue of $114K, expenses of $107K, and assets of $274K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri State Kart Club Inc:
Data Sources and Methodology
This transparency report for Tri State Kart Club 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.