Center Ridge Water Assoc
EIN: 640588905 · Raleigh, MS · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $381K |
| Net Assets | $460K |
Is Center Ridge Water Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Center Ridge Water Assoc
Center Ridge Water Assoc (EIN: 640588905) is a nonprofit organization based in Raleigh, MS, classified under NTEE code P20. The organization reported total revenue of $412K and total assets of $703K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center Ridge Water Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center Ridge Water Assoc is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $381K |
| Surplus / Deficit | +$4K |
| Total Assets | $642K |
| Total Liabilities | $182K |
| Net Assets | $460K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2024, Center Ridge Water Assoc reported a surplus of $4K with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 6 years of filings (2019–2024), Center Ridge Water Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.5% | -22.5% | -1.4% |
| 2023 | -1.6% | +78.0% | -19.5% |
| 2022 | +0.8% | -21.4% | +8.7% |
| 2021 | +4.3% | -1.4% | -1.9% |
| 2020 | +7.7% | +3.9% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Center Ridge Water Assoc 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 Center Ridge Water Assoc 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.3%.
Frequently Asked Questions about Center Ridge Water Assoc
Is Center Ridge Water Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Center Ridge Water Assoc (EIN: 640588905) insufficient data. 0 red flags identified, 0 strengths noted.
How does Center Ridge Water Assoc spend its money?
Detailed spending breakdown data is not yet available for Center Ridge Water Assoc. Check back for updated IRS 990 analysis.
Are donations to Center Ridge Water Assoc tax-deductible?
Center Ridge Water Assoc is registered as a tax-exempt nonprofit (EIN: 640588905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Center Ridge Water Assoc located?
Center Ridge Water Assoc is headquartered in Raleigh, Mississippi and files with the IRS under EIN 640588905. It is classified under NTEE code P20.
How many years of IRS 990 filings does Center Ridge Water Assoc have?
Center Ridge Water Assoc has 6 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 $412K in total revenue.
Filing History
IRS 990 filing history for Center Ridge Water Assoc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), Center Ridge Water Assoc's revenue has grown by 19.7%, moving from $321K to $385K. Total assets decreased by 22.5% over the same period, from $828K to $642K. Total functional expenses rose by 11.1%, from $343K to $381K. In its most recent filing year (2024), Center Ridge Water Assoc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $182K in liabilities against $642K in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $460K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $385K | $381K | $642K | $182K | — | — |
| 2023 | $358K | $492K | $651K | $194K | — | — |
| 2022 | $364K | $276K | $808K | $218K | — | View 990 |
| 2021 | $361K | $351K | $743K | $241K | — | — |
| 2020 | $346K | $356K | $758K | $267K | — | View 990 |
| 2019 | $321K | $343K | $828K | $329K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $385K, expenses of $381K, and assets of $642K (revenue +7.5% year-over-year).
- 2023: Revenue of $358K, expenses of $492K, and assets of $651K (revenue -1.6% year-over-year).
- 2022: Revenue of $364K, expenses of $276K, and assets of $808K (revenue +0.8% year-over-year).
- 2021: Revenue of $361K, expenses of $351K, and assets of $743K (revenue +4.3% year-over-year).
- 2020: Revenue of $346K, expenses of $356K, and assets of $758K (revenue +7.7% year-over-year).
- 2019: Revenue of $321K, expenses of $343K, and assets of $828K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center Ridge Water Assoc:
Data Sources and Methodology
This transparency report for Center Ridge Water Assoc 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.