Acedc Fund Inc
EIN: 474600267 · Corning, IA · NTEE: S99
Is Acedc Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Acedc Fund Inc
Acedc Fund Inc (EIN: 474600267) is a nonprofit organization based in Corning, IA, classified under NTEE code S99. The organization reported total revenue of $672K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Acedc Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Acedc Fund Inc is a small nonprofit that has been operating for 11 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $153K |
| Surplus / Deficit | $-77,494 |
| Total Assets | $899K |
| Net Assets | $899K |
| Operating Margin | -102.0% |
| Months of Reserves | 70.3 months |
Financial Health Grade: B
In 2023, Acedc Fund Inc reported a deficit of $77K with expenses exceeding revenue, holds 70.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Acedc Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.1% | +636.0% | -7.9% |
| 2022 | +713.1% | -73.0% | +3.8% |
| 2021 | +9.3% | -21.2% | -6.9% |
| 2020 | -99.3% | -1.8% | -8.3% |
| 2019 | +320.4% | +10.3% | +294.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Acedc Fund 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 Acedc Fund 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 $77K, with expenses exceeding revenue.
Frequently Asked Questions about Acedc Fund Inc
Is Acedc Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Acedc Fund Inc (EIN: 474600267) insufficient data. 0 red flags identified, 0 strengths noted.
How does Acedc Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Acedc Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Acedc Fund Inc tax-deductible?
Acedc Fund Inc is registered as a tax-exempt nonprofit (EIN: 474600267). 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 Acedc Fund Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Acedc Fund Inc's revenue has declined by 65.4%, moving from $219K to $76K. Total assets increased by 221.9% over the same period, from $279K to $899K. Total functional expenses rose by 69.4%, from $91K to $153K. In its most recent filing year (2023), Acedc Fund Inc reported a deficit of $77K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $153K | $899K | $0 | — | — |
| 2022 | $57K | $21K | $976K | $0 | — | — |
| 2021 | $7K | $77K | $940K | $426 | — | View 990 |
| 2020 | $6K | $98K | $1.0M | $426 | — | — |
| 2019 | $922K | $100K | $1.1M | $426 | — | View 990 |
| 2018 | $219K | $91K | $279K | $-101 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $153K, and assets of $899K (revenue +34.1% year-over-year).
- 2022: Revenue of $57K, expenses of $21K, and assets of $976K (revenue +713.1% year-over-year).
- 2021: Revenue of $7K, expenses of $77K, and assets of $940K (revenue +9.3% year-over-year).
- 2020: Revenue of $6K, expenses of $98K, and assets of $1.0M (revenue -99.3% year-over-year).
- 2019: Revenue of $922K, expenses of $100K, and assets of $1.1M (revenue +320.4% year-over-year).
- 2018: Revenue of $219K, expenses of $91K, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Acedc Fund Inc:
Data Sources and Methodology
This transparency report for Acedc Fund 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.