Be Ready Community Development Corporation
EIN: 510381849 · Wilmington, DE · NTEE: N31
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $797K |
| Net Assets | $2.7M |
Is Be Ready 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 Be Ready Community Development Corporation
Be Ready Community Development Corporation (EIN: 510381849) is a nonprofit organization based in Wilmington, DE, classified under NTEE code N31. The organization reported total revenue of $1.0M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Be Ready Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Be Ready Community Development Corporation is a mid-size nonprofit that has been operating for 27 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 44.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $797K |
| Surplus / Deficit | +$232K |
| Total Assets | $5.1M |
| Total Liabilities | $2.4M |
| Net Assets | $2.7M |
| Operating Margin | 22.5% |
| Debt-to-Asset Ratio | 46.8% |
| Months of Reserves | 77.3 months |
Financial Health Grade: A
In 2023, Be Ready Community Development Corporation reported a surplus of $232K with revenue exceeding expenses, holds 77.3 months of operating reserves (strong position), has a debt-to-asset ratio of 46.8% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Be Ready Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 44.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.1% | +192.3% | +3.5% |
| 2022 | +338.9% | +49.4% | +95.8% |
| 2021 | -50.3% | +22.6% | +55.5% |
| 2020 | -10.8% | +130.1% | +131.1% |
| 2019 | +567.0% | -21.7% | +783.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Be Ready 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 Be Ready 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $232K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.8%.
Frequently Asked Questions about Be Ready Community Development Corporation
Is Be Ready Community Development Corporation a legitimate charity?
Be Ready Community Development Corporation (EIN: 510381849) is a registered tax-exempt nonprofit based in Delaware. It has 8 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: A.
How does Be Ready Community Development Corporation spend its money?
Be Ready Community Development Corporation reported $1.0M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Be Ready Community Development Corporation tax-deductible?
Be Ready Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 510381849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Be Ready Community Development Corporation located?
Be Ready Community Development Corporation is headquartered in Wilmington, Delaware and files with the IRS under EIN 510381849. It is classified under NTEE code N31.
How many years of IRS 990 filings does Be Ready Community Development Corporation have?
Be Ready Community Development Corporation 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Be Ready Community Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Be Ready Community Development Corporation's revenue has grown by 1192%, moving from $80K to $1.0M. Total assets increased by 9182.3% over the same period, from $55K to $5.1M. Total functional expenses rose by 900.8%, from $80K to $797K. In its most recent filing year (2023), Be Ready Community Development Corporation reported a surplus of $232K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $5.1M in assets (debt-to-asset ratio: 46.8%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $797K | $5.1M | $2.4M | — | — |
| 2022 | $1.4M | $273K | $5.0M | $2.5M | — | View 990 |
| 2021 | $326K | $182K | $2.5M | $1.2M | — | View 990 |
| 2020 | $657K | $149K | $1.6M | $431K | — | View 990 |
| 2019 | $736K | $65K | $705K | $14K | — | View 990 |
| 2018 | $110K | $83K | $80K | $60K | — | View 990 |
| 2017 | $98K | $97K | $58K | $66K | — | View 990 |
| 2016 | $80K | $80K | $55K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $797K, and assets of $5.1M (revenue -28.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $273K, and assets of $5.0M (revenue +338.9% year-over-year).
- 2021: Revenue of $326K, expenses of $182K, and assets of $2.5M (revenue -50.3% year-over-year).
- 2020: Revenue of $657K, expenses of $149K, and assets of $1.6M (revenue -10.8% year-over-year).
- 2019: Revenue of $736K, expenses of $65K, and assets of $705K (revenue +567.0% year-over-year).
- 2018: Revenue of $110K, expenses of $83K, and assets of $80K (revenue +12.8% year-over-year).
- 2017: Revenue of $98K, expenses of $97K, and assets of $58K (revenue +22.8% year-over-year).
- 2016: Revenue of $80K, expenses of $80K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Be Ready Community Development Corporation:
Data Sources and Methodology
This transparency report for Be Ready 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.