Clare County Development Corporation
EIN: 386084621 · Clare, MI
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $9K |
| Net Assets | $165K |
Is Clare County 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 Clare County Development Corporation
Clare County Development Corporation (EIN: 386084621) is a nonprofit organization based in Clare, MI. The organization reported total revenue of $523K and total assets of $942K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clare County Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clare County Development Corporation is a small nonprofit that has been operating for 62 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -93.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $9K |
| Surplus / Deficit | $-4,290 |
| Total Assets | $1.2M |
| Total Liabilities | $1.1M |
| Net Assets | $165K |
| Operating Margin | -95.3% |
| Debt-to-Asset Ratio | 86.5% |
| Months of Reserves | 1672.3 months |
Financial Health Grade: C
In 2023, Clare County Development Corporation reported a deficit of $4K with expenses exceeding revenue, holds 1672.3 months of operating reserves (strong position), has a debt-to-asset ratio of 86.5% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Clare County Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -93.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.2% | -43.9% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clare County 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 Clare County 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 deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.5%.
Frequently Asked Questions about Clare County Development Corporation
Is Clare County Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Clare County Development Corporation (EIN: 386084621) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clare County Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Clare County Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Clare County Development Corporation tax-deductible?
Clare County Development Corporation is registered as a tax-exempt nonprofit (EIN: 386084621). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clare County Development Corporation located?
Clare County Development Corporation is headquartered in Clare, Michigan and files with the IRS under EIN 386084621.
How many years of IRS 990 filings does Clare County Development Corporation have?
Clare County Development Corporation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $523K in total revenue.
Filing History
IRS 990 filing history for Clare County Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Clare County Development Corporation's revenue has declined by 93.2%, moving from $67K to $5K. Total assets decreased by 0.3% over the same period, from $1.2M to $1.2M. Total functional expenses fell by 43.9%, from $16K to $9K. In its most recent filing year (2023), Clare County Development Corporation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 86.5%), resulting in net assets of $165K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $9K | $1.2M | $1.1M | — | — |
| 2022 | $67K | $16K | $1.2M | $1.1M | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clare County Development Corporation:
Data Sources and Methodology
This transparency report for Clare County 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.