Valparaiso Community Festivals & Events Inc
EIN: 351641452 · Valparaiso, IN
| Metric | Value |
|---|---|
| Total Revenue | $833K |
| Total Expenses | $941K |
| Net Assets | $461K |
Is Valparaiso Community Festivals & Events Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valparaiso Community Festivals & Events Inc
Valparaiso Community Festivals & Events Inc (EIN: 351641452) is a nonprofit organization based in Valparaiso, IN. The organization reported total revenue of $833K and total assets of $439K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valparaiso Community Festivals & Events Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valparaiso Community Festivals & Events Inc is a small nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $920K |
| Total Expenses | $941K |
| Surplus / Deficit | $-20,308 |
| Total Assets | $515K |
| Total Liabilities | $53K |
| Net Assets | $461K |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, Valparaiso Community Festivals & Events Inc reported a deficit of $20K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), Valparaiso Community Festivals & Events Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +15.1% | -7.4% |
| 2022 | +6.2% | +19.8% | +34.6% |
| 2021 | +111.7% | +36.5% | +37.2% |
| 2020 | -59.4% | -48.7% | -24.6% |
| 2019 | +0.6% | +6.1% | +9.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Valparaiso Community Festivals & Events 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 Valparaiso Community Festivals & Events 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.4%.
Frequently Asked Questions about Valparaiso Community Festivals & Events Inc
Is Valparaiso Community Festivals & Events Inc a legitimate charity?
Valparaiso Community Festivals & Events Inc (EIN: 351641452) is a registered tax-exempt nonprofit based in Indiana. It has 12 years of IRS 990 filings on record. Total revenue: $833K. No red flags identified. Financial health grade: B.
How does Valparaiso Community Festivals & Events Inc spend its money?
Valparaiso Community Festivals & Events Inc reported $833K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Valparaiso Community Festivals & Events Inc tax-deductible?
Valparaiso Community Festivals & Events Inc is registered as a tax-exempt nonprofit (EIN: 351641452). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Valparaiso Community Festivals & Events Inc located?
Valparaiso Community Festivals & Events Inc is headquartered in Valparaiso, Indiana and files with the IRS under EIN 351641452.
How many years of IRS 990 filings does Valparaiso Community Festivals & Events Inc have?
Valparaiso Community Festivals & Events Inc has 12 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 $833K in total revenue.
Filing History
IRS 990 filing history for Valparaiso Community Festivals & Events Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Valparaiso Community Festivals & Events Inc's revenue has grown by 453%, moving from $166K to $920K. Total assets increased by 1851.8% over the same period, from $26K to $515K. Total functional expenses rose by 425.1%, from $179K to $941K. In its most recent filing year (2023), Valparaiso Community Festivals & Events Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $53K in liabilities against $515K in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $461K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $920K | $941K | $515K | $53K | — | — |
| 2022 | $895K | $817K | $556K | $74K | — | View 990 |
| 2021 | $843K | $682K | $413K | $9K | — | View 990 |
| 2020 | $398K | $500K | $301K | $67K | — | View 990 |
| 2019 | $981K | $974K | $399K | $29K | — | View 990 |
| 2018 | $975K | $918K | $364K | $0 | — | View 990 |
| 2017 | $935K | $825K | $307K | $0 | — | View 990 |
| 2016 | $900K | $871K | $198K | $0 | — | View 990 |
| 2015 | $861K | $847K | $169K | $0 | — | View 990 |
| 2014 | $867K | $785K | $155K | $694 | — | View 990 |
| 2013 | $737K | $684K | $72K | $0 | — | View 990 |
| 2010 | $166K | $179K | $26K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $920K, expenses of $941K, and assets of $515K (revenue +2.8% year-over-year).
- 2022: Revenue of $895K, expenses of $817K, and assets of $556K (revenue +6.2% year-over-year).
- 2021: Revenue of $843K, expenses of $682K, and assets of $413K (revenue +111.7% year-over-year).
- 2020: Revenue of $398K, expenses of $500K, and assets of $301K (revenue -59.4% year-over-year).
- 2019: Revenue of $981K, expenses of $974K, and assets of $399K (revenue +0.6% year-over-year).
- 2018: Revenue of $975K, expenses of $918K, and assets of $364K (revenue +4.3% year-over-year).
- 2017: Revenue of $935K, expenses of $825K, and assets of $307K (revenue +3.8% year-over-year).
- 2016: Revenue of $900K, expenses of $871K, and assets of $198K (revenue +4.5% year-over-year).
- 2015: Revenue of $861K, expenses of $847K, and assets of $169K (revenue -0.7% year-over-year).
- 2014: Revenue of $867K, expenses of $785K, and assets of $155K (revenue +17.7% year-over-year).
- 2013: Revenue of $737K, expenses of $684K, and assets of $72K (revenue +342.6% year-over-year).
- 2010: Revenue of $166K, expenses of $179K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valparaiso Community Festivals & Events Inc:
Data Sources and Methodology
This transparency report for Valparaiso Community Festivals & Events 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.