Develop Iosco Incorporated
EIN: 261827631 · East Tawas, MI · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $186K |
| Net Assets | $78K |
Is Develop Iosco Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Develop Iosco Incorporated
Develop Iosco Incorporated (EIN: 261827631) is a nonprofit organization based in East Tawas, MI, classified under NTEE code S20. The organization reported total revenue of $283K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Develop Iosco Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Develop Iosco Incorporated is a small nonprofit that has been operating for 17 years, with 2 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 73.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $186K |
| Surplus / Deficit | +$65K |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | 25.8% |
| Months of Reserves | 5.0 months |
Financial Health Grade: A
In 2023, Develop Iosco Incorporated reported a surplus of $65K with revenue exceeding expenses, holds 5.0 months of operating reserves (adequate).
Financial Trends
Over 2 years of filings (2013–2023), Develop Iosco Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 73.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24992.6% | +19163.3% | +1431.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Develop Iosco Incorporated 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 Develop Iosco Incorporated 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 $65K, with revenue exceeding expenses.
Frequently Asked Questions about Develop Iosco Incorporated
Is Develop Iosco Incorporated a legitimate charity?
Develop Iosco Incorporated (EIN: 261827631) is a registered tax-exempt nonprofit based in Michigan. It has 2 years of IRS 990 filings on record. Total revenue: $283K. No red flags identified. Financial health grade: A.
How does Develop Iosco Incorporated spend its money?
Develop Iosco Incorporated reported $283K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Develop Iosco Incorporated tax-deductible?
Develop Iosco Incorporated is registered as a tax-exempt nonprofit (EIN: 261827631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Develop Iosco Incorporated located?
Develop Iosco Incorporated is headquartered in East Tawas, Michigan and files with the IRS under EIN 261827631. It is classified under NTEE code S20.
How many years of IRS 990 filings does Develop Iosco Incorporated have?
Develop Iosco Incorporated 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 $283K in total revenue.
Filing History
IRS 990 filing history for Develop Iosco Incorporated showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2013–2023), Develop Iosco Incorporated's revenue has grown by 24992.6%, moving from $1K to $251K. Total assets increased by 1431.7% over the same period, from $5K to $78K. Total functional expenses rose by 19163.3%, from $966 to $186K. In its most recent filing year (2023), Develop Iosco Incorporated reported a surplus of $65K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $186K | $78K | $0 | — | — |
| 2013 | $1K | $966 | $5K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Develop Iosco Incorporated:
Data Sources and Methodology
This transparency report for Develop Iosco Incorporated 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.