Cannelton And Neighbors Development Organization Inc
EIN: 310903854 · Cannelton, IN · NTEE: L80Z
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $175K |
| Net Assets | $882K |
Is Cannelton And Neighbors Development Organization Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cannelton And Neighbors Development Organization Inc
Cannelton And Neighbors Development Organization Inc (EIN: 310903854) is a nonprofit organization based in Cannelton, IN, classified under NTEE code L80Z. The organization reported total revenue of $159K and total assets of $926K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cannelton And Neighbors Development Organization Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cannelton And Neighbors Development Organization Inc is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $175K |
| Surplus / Deficit | $-7,938 |
| Total Assets | $975K |
| Total Liabilities | $93K |
| Net Assets | $882K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 9.5% |
| Months of Reserves | 66.7 months |
Financial Health Grade: B
In 2023, Cannelton And Neighbors Development Organization Inc reported a deficit of $8K with expenses exceeding revenue, holds 66.7 months of operating reserves (strong position), has a debt-to-asset ratio of 9.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cannelton And Neighbors Development Organization Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.7% | +16.9% | -2.7% |
| 2022 | +2.5% | +21.5% | -4.6% |
| 2021 | -0.4% | -16.1% | -2.4% |
| 2020 | +4.3% | +24.2% | -4.2% |
| 2019 | +7.0% | +14.9% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cannelton And Neighbors Development Organization 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 Cannelton And Neighbors Development Organization 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.5%.
Frequently Asked Questions about Cannelton And Neighbors Development Organization Inc
Is Cannelton And Neighbors Development Organization Inc a legitimate charity?
Cannelton And Neighbors Development Organization Inc (EIN: 310903854) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $159K. No red flags identified. Financial health grade: B.
How does Cannelton And Neighbors Development Organization Inc spend its money?
Cannelton And Neighbors Development Organization Inc reported $159K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cannelton And Neighbors Development Organization Inc tax-deductible?
Cannelton And Neighbors Development Organization Inc is registered as a tax-exempt nonprofit (EIN: 310903854). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cannelton And Neighbors Development Organization Inc located?
Cannelton And Neighbors Development Organization Inc is headquartered in Cannelton, Indiana and files with the IRS under EIN 310903854. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Cannelton And Neighbors Development Organization Inc have?
Cannelton And Neighbors Development Organization 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 $159K in total revenue.
Filing History
IRS 990 filing history for Cannelton And Neighbors Development Organization Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cannelton And Neighbors Development Organization Inc's revenue has declined by 83%, moving from $985K to $167K. Total assets decreased by 28.7% over the same period, from $1.4M to $975K. Total functional expenses rose by 53%, from $115K to $175K. In its most recent filing year (2023), Cannelton And Neighbors Development Organization Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $93K in liabilities against $975K in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $882K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $175K | $975K | $93K | — | — |
| 2022 | $121K | $150K | $1.0M | $113K | — | View 990 |
| 2021 | $118K | $123K | $1.1M | $132K | — | View 990 |
| 2020 | $118K | $147K | $1.1M | $152K | — | — |
| 2019 | $113K | $119K | $1.1M | $168K | — | View 990 |
| 2018 | $106K | $103K | $1.1M | $189K | — | View 990 |
| 2017 | $109K | $129K | $1.2M | $205K | — | View 990 |
| 2016 | $108K | $127K | $1.2M | $224K | — | View 990 |
| 2015 | $112K | $133K | $1.2M | $241K | — | View 990 |
| 2014 | $112K | $131K | $1.3M | $257K | — | View 990 |
| 2013 | $113K | $129K | $1.3M | $276K | — | View 990 |
| 2012 | $121K | $125K | $1.3M | $291K | — | View 990 |
| 2011 | $985K | $115K | $1.4M | $308K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $175K, and assets of $975K (revenue +38.7% year-over-year).
- 2022: Revenue of $121K, expenses of $150K, and assets of $1.0M (revenue +2.5% year-over-year).
- 2021: Revenue of $118K, expenses of $123K, and assets of $1.1M (revenue -0.4% year-over-year).
- 2020: Revenue of $118K, expenses of $147K, and assets of $1.1M (revenue +4.3% year-over-year).
- 2019: Revenue of $113K, expenses of $119K, and assets of $1.1M (revenue +7.0% year-over-year).
- 2018: Revenue of $106K, expenses of $103K, and assets of $1.1M (revenue -3.1% year-over-year).
- 2017: Revenue of $109K, expenses of $129K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2016: Revenue of $108K, expenses of $127K, and assets of $1.2M (revenue -4.0% year-over-year).
- 2015: Revenue of $112K, expenses of $133K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2014: Revenue of $112K, expenses of $131K, and assets of $1.3M (revenue -0.9% year-over-year).
- 2013: Revenue of $113K, expenses of $129K, and assets of $1.3M (revenue -6.4% year-over-year).
- 2012: Revenue of $121K, expenses of $125K, and assets of $1.3M (revenue -87.7% year-over-year).
- 2011: Revenue of $985K, expenses of $115K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cannelton And Neighbors Development Organization Inc:
Data Sources and Methodology
This transparency report for Cannelton And Neighbors Development Organization 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.