Afro American Development Association
EIN: 472210302 · Moorhead, MN · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $695K |
| Total Expenses | $776K |
| Net Assets | $25K |
Is Afro American Development Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Afro American Development Association
Afro American Development Association (EIN: 472210302) is a nonprofit organization based in Moorhead, MN, classified under NTEE code B01. The organization reported total revenue of $695K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Afro American Development Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Afro American Development Association is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of 77.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $695K |
| Total Expenses | $776K |
| Surplus / Deficit | $-80,923 |
| Total Assets | $57K |
| Total Liabilities | $33K |
| Net Assets | $25K |
| Operating Margin | -11.6% |
| Debt-to-Asset Ratio | 57.1% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2020, Afro American Development Association reported a deficit of $81K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 57.1% (high leverage).
Financial Trends
Over 5 years of filings (2016–2020), Afro American Development Association's revenue has grown at a compound annual growth rate (CAGR) of 77.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +128.5% | +115.6% | -20.4% |
| 2019 | +6.5% | +18.2% | +36.1% |
| 2018 | +13.5% | +58.3% | -12.4% |
| 2017 | +262.5% | +179.9% | +5818.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Afro American Development Association 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 Afro American Development Association 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.1%.
Frequently Asked Questions about Afro American Development Association
Is Afro American Development Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Afro American Development Association (EIN: 472210302) insufficient data. 0 red flags identified, 0 strengths noted.
How does Afro American Development Association spend its money?
Detailed spending breakdown data is not yet available for Afro American Development Association. Check back for updated IRS 990 analysis.
Are donations to Afro American Development Association tax-deductible?
Afro American Development Association is registered as a tax-exempt nonprofit (EIN: 472210302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Afro American Development Association located?
Afro American Development Association is headquartered in Moorhead, Minnesota and files with the IRS under EIN 472210302. It is classified under NTEE code B01.
How many years of IRS 990 filings does Afro American Development Association have?
Afro American Development Association 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 $695K in total revenue.
Filing History
IRS 990 filing history for Afro American Development Association showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2020), Afro American Development Association's revenue has grown by 901%, moving from $69K to $695K. Total assets increased by 5513.2% over the same period, from $1K to $57K. Total functional expenses rose by 1028.8%, from $69K to $776K. In its most recent filing year (2020), Afro American Development Association reported a deficit of $81K, with expenses exceeding revenue. The organization holds $33K in liabilities against $57K in assets (debt-to-asset ratio: 57.1%), resulting in net assets of $25K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $695K | $776K | $57K | $33K | — | View 990 |
| 2019 | $304K | $360K | $72K | $63K | — | View 990 |
| 2018 | $286K | $305K | $53K | $10K | — | View 990 |
| 2017 | $252K | $192K | $61K | $230 | — | View 990 |
| 2016 | $69K | $69K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $695K, expenses of $776K, and assets of $57K (revenue +128.5% year-over-year).
- 2019: Revenue of $304K, expenses of $360K, and assets of $72K (revenue +6.5% year-over-year).
- 2018: Revenue of $286K, expenses of $305K, and assets of $53K (revenue +13.5% year-over-year).
- 2017: Revenue of $252K, expenses of $192K, and assets of $61K (revenue +262.5% year-over-year).
- 2016: Revenue of $69K, expenses of $69K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Afro American Development Association:
Data Sources and Methodology
This transparency report for Afro American Development Association 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.