Associate Benevolent Society
EIN: 420680357 · Clinton, IA
| Metric | Value |
|---|---|
| Total Revenue | $93K |
| Total Expenses | $94K |
| Net Assets | $301K |
Is Associate Benevolent Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Associate Benevolent Society
Associate Benevolent Society (EIN: 420680357) is a nonprofit organization based in Clinton, IA. The organization reported total revenue of $93K and total assets of $325K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associate Benevolent Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Associate Benevolent Society is a micro nonprofit that has been operating for 45 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $93K |
| Total Expenses | $94K |
| Surplus / Deficit | $-1,264 |
| Total Assets | $325K |
| Total Liabilities | $24K |
| Net Assets | $301K |
| Operating Margin | -1.4% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 41.4 months |
Financial Health Grade: B
In 2019, Associate Benevolent Society reported a deficit of $1K with expenses exceeding revenue, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2019), Associate Benevolent Society's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +3.0% | -7.2% | -3.0% |
| 2018 | -3.8% | -1.7% | -2.5% |
| 2017 | -7.1% | +5.1% | -3.6% |
| 2016 | +4.6% | +8.5% | +3.9% |
| 2015 | +18.2% | -1.8% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Associate Benevolent Society 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 Associate Benevolent Society 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.3%.
Frequently Asked Questions about Associate Benevolent Society
Is Associate Benevolent Society a legitimate charity?
Associate Benevolent Society (EIN: 420680357) is a registered tax-exempt nonprofit based in Iowa. It has 8 years of IRS 990 filings on record. Total revenue: $93K. No red flags identified. Financial health grade: B.
How does Associate Benevolent Society spend its money?
Associate Benevolent Society reported $93K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Associate Benevolent Society tax-deductible?
Associate Benevolent Society is registered as a tax-exempt nonprofit (EIN: 420680357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Associate Benevolent Society located?
Associate Benevolent Society is headquartered in Clinton, Iowa and files with the IRS under EIN 420680357.
How many years of IRS 990 filings does Associate Benevolent Society have?
Associate Benevolent Society has 8 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 $93K in total revenue.
Filing History
IRS 990 filing history for Associate Benevolent Society showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Associate Benevolent Society's revenue has grown by 3.5%, moving from $90K to $93K. Total assets decreased by 6.4% over the same period, from $347K to $325K. Total functional expenses fell by 0.4%, from $94K to $94K. In its most recent filing year (2019), Associate Benevolent Society reported a deficit of $1K, with expenses exceeding revenue. The organization holds $24K in liabilities against $325K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $301K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $93K | $94K | $325K | $24K | — | View 990 |
| 2018 | $90K | $101K | $335K | $1K | — | — |
| 2017 | $94K | $103K | $344K | $2K | — | View 990 |
| 2016 | $101K | $98K | $356K | $18K | — | View 990 |
| 2015 | $96K | $90K | $343K | $17K | — | View 990 |
| 2014 | $81K | $92K | $352K | $16K | — | View 990 |
| 2013 | $78K | $95K | $345K | $12K | — | View 990 |
| 2012 | $90K | $94K | $347K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $93K, expenses of $94K, and assets of $325K (revenue +3.0% year-over-year).
- 2018: Revenue of $90K, expenses of $101K, and assets of $335K (revenue -3.8% year-over-year).
- 2017: Revenue of $94K, expenses of $103K, and assets of $344K (revenue -7.1% year-over-year).
- 2016: Revenue of $101K, expenses of $98K, and assets of $356K (revenue +4.6% year-over-year).
- 2015: Revenue of $96K, expenses of $90K, and assets of $343K (revenue +18.2% year-over-year).
- 2014: Revenue of $81K, expenses of $92K, and assets of $352K (revenue +5.1% year-over-year).
- 2013: Revenue of $78K, expenses of $95K, and assets of $345K (revenue -13.5% year-over-year).
- 2012: Revenue of $90K, expenses of $94K, and assets of $347K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associate Benevolent Society:
Data Sources and Methodology
This transparency report for Associate Benevolent Society 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.