Akiing Community Development Corporation
EIN: 831587091 · Callaway, MN · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $2.6M |
| Net Assets | $2.0M |
Is Akiing Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Akiing Community Development Corporation
Akiing Community Development Corporation (EIN: 831587091) is a nonprofit organization based in Callaway, MN, classified under NTEE code B99. The organization reported total revenue of $6.7M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Akiing Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Akiing Community Development Corporation is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 125.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $2.6M |
| Total Liabilities | $555K |
| Net Assets | $2.0M |
| Operating Margin | 36.2% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2022, Akiing Community Development Corporation reported a surplus of $1.5M with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 5 years of filings (2018–2022), Akiing Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 125.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +181.1% | +155.2% | +145.5% |
| 2021 | +2132.9% | +349.2% | +135.4% |
| 2020 | -68.0% | +2858.8% | +7.1% |
| 2019 | +29.0% | +2912.4% | +167.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Akiing Community Development Corporation 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 Akiing Community Development Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.7%.
Frequently Asked Questions about Akiing Community Development Corporation
Is Akiing Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Akiing Community Development Corporation (EIN: 831587091) insufficient data. 0 red flags identified, 0 strengths noted.
How does Akiing Community Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Akiing Community Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Akiing Community Development Corporation tax-deductible?
Akiing Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 831587091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Akiing Community Development Corporation located?
Akiing Community Development Corporation is headquartered in Callaway, Minnesota and files with the IRS under EIN 831587091. It is classified under NTEE code B99.
How many years of IRS 990 filings does Akiing Community Development Corporation have?
Akiing Community Development Corporation 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 $6.7M in total revenue.
Filing History
IRS 990 filing history for Akiing Community Development Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Akiing Community Development Corporation's revenue has grown by 2491.3%, moving from $155K to $4.0M. Total assets increased by 1553% over the same period, from $155K to $2.6M. Total functional expenses rose by 1021586.1%, from $251 to $2.6M. In its most recent filing year (2022), Akiing Community Development Corporation reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $555K in liabilities against $2.6M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.0M | $2.6M | $2.6M | $555K | — | View 990 |
| 2021 | $1.4M | $1.0M | $1.0M | $430K | — | — |
| 2020 | $64K | $224K | $443K | $255K | — | — |
| 2019 | $200K | $8K | $413K | $66K | — | View 990 |
| 2018 | $155K | $251 | $155K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.0M, expenses of $2.6M, and assets of $2.6M (revenue +181.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.0M, and assets of $1.0M (revenue +2132.9% year-over-year).
- 2020: Revenue of $64K, expenses of $224K, and assets of $443K (revenue -68.0% year-over-year).
- 2019: Revenue of $200K, expenses of $8K, and assets of $413K (revenue +29.0% year-over-year).
- 2018: Revenue of $155K, expenses of $251, and assets of $155K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Akiing Community Development Corporation:
Data Sources and Methodology
This transparency report for Akiing Community Development Corporation 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.