Barre Area Development Inc
EIN: 30213347 · Barre, VT · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $133K |
| Total Expenses | $197K |
| Net Assets | $298K |
Is Barre Area Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Barre Area Development Inc
Barre Area Development Inc (EIN: 30213347) is a nonprofit organization based in Barre, VT, classified under NTEE code S30. The organization reported total revenue of $133K and total assets of $293K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Barre Area Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Barre Area Development Inc is a small nonprofit that has been operating for 63 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $153K |
| Total Expenses | $197K |
| Surplus / Deficit | $-43,646 |
| Total Assets | $301K |
| Total Liabilities | $3K |
| Net Assets | $298K |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 18.3 months |
Financial Health Grade: B
In 2024, Barre Area Development Inc reported a deficit of $44K with expenses exceeding revenue, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Barre Area Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +43.5% | +45.3% | -12.5% |
| 2023 | -9.3% | +5.4% | -7.8% |
| 2022 | -34.0% | +2.4% | -6.9% |
| 2021 | +78.9% | -10.7% | +17.6% |
| 2020 | -5.1% | -7.4% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1963 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Barre Area Development 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 Barre Area Development 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Barre Area Development Inc
Is Barre Area Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Barre Area Development Inc (EIN: 30213347) insufficient data. 0 red flags identified, 0 strengths noted.
How does Barre Area Development Inc spend its money?
Detailed spending breakdown data is not yet available for Barre Area Development Inc. Check back for updated IRS 990 analysis.
Are donations to Barre Area Development Inc tax-deductible?
Barre Area Development Inc is registered as a tax-exempt nonprofit (EIN: 30213347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Barre Area Development Inc located?
Barre Area Development Inc is headquartered in Barre, Vermont and files with the IRS under EIN 30213347. It is classified under NTEE code S30.
How many years of IRS 990 filings does Barre Area Development Inc have?
Barre Area Development Inc has 13 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 $133K in total revenue.
Filing History
IRS 990 filing history for Barre Area Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Barre Area Development Inc's revenue has grown by 37.1%, moving from $112K to $153K. Total assets decreased by 38.2% over the same period, from $487K to $301K. Total functional expenses rose by 100.3%, from $98K to $197K. In its most recent filing year (2024), Barre Area Development Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $3K in liabilities against $301K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $298K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $153K | $197K | $301K | $3K | — | — |
| 2023 | $107K | $136K | $344K | $2K | — | View 990 |
| 2022 | $118K | $129K | $373K | $3K | — | View 990 |
| 2021 | $178K | $126K | $401K | $20K | — | — |
| 2020 | $100K | $141K | $341K | $13K | — | View 990 |
| 2019 | $105K | $152K | $395K | $26K | — | View 990 |
| 2018 | $107K | $111K | $457K | $42K | — | View 990 |
| 2017 | $104K | $100K | $465K | $46K | — | View 990 |
| 2016 | $98K | $94K | $478K | $62K | — | View 990 |
| 2015 | $97K | $95K | $476K | $63K | — | View 990 |
| 2014 | $100K | $98K | $488K | $77K | — | View 990 |
| 2013 | $93K | $100K | $468K | $84K | — | View 990 |
| 2012 | $112K | $98K | $487K | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $153K, expenses of $197K, and assets of $301K (revenue +43.5% year-over-year).
- 2023: Revenue of $107K, expenses of $136K, and assets of $344K (revenue -9.3% year-over-year).
- 2022: Revenue of $118K, expenses of $129K, and assets of $373K (revenue -34.0% year-over-year).
- 2021: Revenue of $178K, expenses of $126K, and assets of $401K (revenue +78.9% year-over-year).
- 2020: Revenue of $100K, expenses of $141K, and assets of $341K (revenue -5.1% year-over-year).
- 2019: Revenue of $105K, expenses of $152K, and assets of $395K (revenue -1.8% year-over-year).
- 2018: Revenue of $107K, expenses of $111K, and assets of $457K (revenue +2.9% year-over-year).
- 2017: Revenue of $104K, expenses of $100K, and assets of $465K (revenue +5.8% year-over-year).
- 2016: Revenue of $98K, expenses of $94K, and assets of $478K (revenue +1.6% year-over-year).
- 2015: Revenue of $97K, expenses of $95K, and assets of $476K (revenue -3.0% year-over-year).
- 2014: Revenue of $100K, expenses of $98K, and assets of $488K (revenue +7.1% year-over-year).
- 2013: Revenue of $93K, expenses of $100K, and assets of $468K (revenue -16.7% year-over-year).
- 2012: Revenue of $112K, expenses of $98K, and assets of $487K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Barre Area Development Inc:
Data Sources and Methodology
This transparency report for Barre Area Development 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.