X Count Inc
EIN: 454791946 · Fort Wayne, IN · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $338K |
| Net Assets | $-241,781 |
Is X Count Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About X Count Inc
X Count Inc (EIN: 454791946) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code O50. The organization reported total revenue of $3.4M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of X Count Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
X Count Inc is a mid-size nonprofit that has been operating for 13 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $338K |
| Surplus / Deficit | $-34,786 |
| Total Assets | $269K |
| Total Liabilities | $510K |
| Net Assets | $-241,781 |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 190.0% |
| Months of Reserves | 9.5 months |
Financial Health Grade: C
In 2023, X Count Inc reported a deficit of $35K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 190.0% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), X Count Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.9% | -15.8% | -0.8% |
| 2022 | -9.4% | -26.1% | -8.6% |
| 2021 | +22.2% | +12.3% | +13.0% |
| 2020 | -18.1% | +167.4% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for X Count 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 X Count 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 $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 190.0%.
Frequently Asked Questions about X Count Inc
Is X Count Inc a legitimate charity?
X Count Inc (EIN: 454791946) is a registered tax-exempt nonprofit based in Indiana. It has 5 years of IRS 990 filings on record. Total revenue: $3.4M. No red flags identified. Financial health grade: C.
How does X Count Inc spend its money?
X Count Inc reported $3.4M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to X Count Inc tax-deductible?
X Count Inc is registered as a tax-exempt nonprofit (EIN: 454791946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is X Count Inc located?
X Count Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 454791946. It is classified under NTEE code O50.
How many years of IRS 990 filings does X Count Inc have?
X Count Inc has 5 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 $3.4M in total revenue.
Filing History
IRS 990 filing history for X Count Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), X Count Inc's revenue has declined by 16.5%, moving from $364K to $304K. Total assets increased by 15.1% over the same period, from $234K to $269K. Total functional expenses rose by 86.6%, from $181K to $338K. In its most recent filing year (2023), X Count Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $510K in liabilities against $269K in assets (debt-to-asset ratio: 190.0%), resulting in net assets of $-241,781.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $338K | $269K | $510K | — | — |
| 2022 | $330K | $402K | $271K | $477K | — | — |
| 2021 | $364K | $544K | $296K | $445K | — | View 990 |
| 2020 | $298K | $485K | $262K | $240K | — | View 990 |
| 2019 | $364K | $181K | $234K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $338K, and assets of $269K (revenue -7.9% year-over-year).
- 2022: Revenue of $330K, expenses of $402K, and assets of $271K (revenue -9.4% year-over-year).
- 2021: Revenue of $364K, expenses of $544K, and assets of $296K (revenue +22.2% year-over-year).
- 2020: Revenue of $298K, expenses of $485K, and assets of $262K (revenue -18.1% year-over-year).
- 2019: Revenue of $364K, expenses of $181K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for X Count Inc:
Data Sources and Methodology
This transparency report for X Count 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.