Auburn Business Development Corp
EIN: 237273463 · Auburn, ME
| Metric | Value |
|---|---|
| Total Expenses | $76K |
| Net Assets | $14K |
Is Auburn Business Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Auburn Business Development Corp
Auburn Business Development Corp (EIN: 237273463) is a nonprofit organization based in Auburn, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Auburn Business Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Auburn Business Development Corp is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $76K |
| Surplus / Deficit | +$40K |
| Total Assets | $863K |
| Total Liabilities | $849K |
| Net Assets | $14K |
| Operating Margin | 34.5% |
| Debt-to-Asset Ratio | 98.4% |
| Months of Reserves | 137.1 months |
Financial Health Grade: A
In 2023, Auburn Business Development Corp reported a surplus of $40K with revenue exceeding expenses, holds 137.1 months of operating reserves (strong position), has a debt-to-asset ratio of 98.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Auburn Business Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -21.2% | -13.5% |
| 2021 | -289.3% | +4.0% | -29.3% |
| 2020 | -31.6% | -10.4% | -5.6% |
| 2019 | -8.2% | -35.4% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Auburn Business Development Corp 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 Auburn Business Development Corp 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 surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 98.4%.
Frequently Asked Questions about Auburn Business Development Corp
Is Auburn Business Development Corp a legitimate charity?
Auburn Business Development Corp (EIN: 237273463) is a registered tax-exempt nonprofit based in Maine. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Auburn Business Development Corp spend its money?
Auburn Business Development Corp reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Auburn Business Development Corp tax-deductible?
Auburn Business Development Corp is registered as a tax-exempt nonprofit (EIN: 237273463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Auburn Business Development Corp located?
Auburn Business Development Corp is headquartered in Auburn, Maine and files with the IRS under EIN 237273463.
How many years of IRS 990 filings does Auburn Business Development Corp have?
Auburn Business Development Corp has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Auburn Business Development Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Auburn Business Development Corp's revenue has declined by 6.7%, moving from $124K to $115K. Total assets decreased by 62.9% over the same period, from $2.3M to $863K. Total functional expenses fell by 56.2%, from $172K to $76K. In its most recent filing year (2023), Auburn Business Development Corp reported a surplus of $40K, with revenue exceeding expenses. The organization holds $849K in liabilities against $863K in assets (debt-to-asset ratio: 98.4%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $76K | $863K | $849K | — | View 990 |
| 2022 | $112K | $96K | $998K | $1.0M | — | View 990 |
| 2021 | $-91,087 | $122K | $1.2M | $1.2M | — | — |
| 2020 | $48K | $118K | $1.7M | $1.5M | — | — |
| 2019 | $70K | $131K | $1.8M | $1.5M | — | View 990 |
| 2018 | $77K | $203K | $1.9M | $1.6M | — | View 990 |
| 2016 | $109K | $166K | $2.1M | $1.6M | — | View 990 |
| 2015 | $115K | $144K | $2.3M | $1.7M | — | View 990 |
| 2014 | $107K | $211K | $2.4M | $1.8M | — | View 990 |
| 2013 | $284K | $177K | $2.5M | $2.1M | — | View 990 |
| 2012 | $119K | $174K | $2.5M | $2.1M | — | View 990 |
| 2011 | $124K | $172K | $2.3M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $76K, and assets of $863K (revenue +3.1% year-over-year).
- 2022: Revenue of $112K, expenses of $96K, and assets of $998K.
- 2021: Revenue of $-91,087, expenses of $122K, and assets of $1.2M (revenue -289.3% year-over-year).
- 2020: Revenue of $48K, expenses of $118K, and assets of $1.7M (revenue -31.6% year-over-year).
- 2019: Revenue of $70K, expenses of $131K, and assets of $1.8M (revenue -8.2% year-over-year).
- 2018: Revenue of $77K, expenses of $203K, and assets of $1.9M (revenue -29.8% year-over-year).
- 2016: Revenue of $109K, expenses of $166K, and assets of $2.1M (revenue -5.2% year-over-year).
- 2015: Revenue of $115K, expenses of $144K, and assets of $2.3M (revenue +7.6% year-over-year).
- 2014: Revenue of $107K, expenses of $211K, and assets of $2.4M (revenue -62.4% year-over-year).
- 2013: Revenue of $284K, expenses of $177K, and assets of $2.5M (revenue +138.4% year-over-year).
- 2012: Revenue of $119K, expenses of $174K, and assets of $2.5M (revenue -3.5% year-over-year).
- 2011: Revenue of $124K, expenses of $172K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Auburn Business Development Corp:
Data Sources and Methodology
This transparency report for Auburn Business Development Corp 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.