Is Industrial Development Board Of Gibson County Tennessee Legit?

Quick charity verification for Industrial Development Board Of Gibson County Tennessee (EIN: 202703372)

Verdict: Industrial Development Board Of Gibson County Tennessee appears trustworthy

85/100Mission Score
$467KRevenue
$3.6MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The Industrial Development Board Of Gibson County Tennessee demonstrates a fluctuating financial profile, typical for an organization involved in economic development which often sees lumpy revenue from grants or specific projects. For instance, revenue spiked to $1,952,887 in 202206, significantly higher than the $43,535 reported in 202406. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to minimizing administrative overhead related to executive pay. However, the significant expense of $881,844 in 202306 against revenue of only $36,762 suggests a period of substantial investment or a major project, which warrants further investigation to understand the nature of these expenditures and their alignment with the organization's mission. The organization's assets have remained relatively stable, hovering around $3 million, indicating a consistent asset base despite revenue volatility.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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