Drexel Development Corporation
EIN: 237448537 · Joplin, MO
| Metric | Value |
|---|---|
| Total Revenue | $351K |
| Total Expenses | $319K |
| Net Assets | $-10,655 |
Is Drexel 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 Drexel Development Corporation
Drexel Development Corporation (EIN: 237448537) is a nonprofit organization based in Joplin, MO. The organization reported total revenue of $351K and total assets of $591K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drexel Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drexel Development Corporation is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $322K |
| Total Expenses | $319K |
| Surplus / Deficit | +$3K |
| Total Assets | $605K |
| Total Liabilities | $615K |
| Net Assets | $-10,655 |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 101.8% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2023, Drexel Development Corporation reported a surplus of $3K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position), has a debt-to-asset ratio of 101.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Drexel Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | -10.1% | -2.4% |
| 2022 | +1.9% | +15.6% | -6.5% |
| 2021 | +2.4% | +2.5% | -2.1% |
| 2020 | +2.8% | -3.2% | -1.6% |
| 2019 | +0.7% | +13.4% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drexel 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 Drexel 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 101.8%.
Frequently Asked Questions about Drexel Development Corporation
Is Drexel Development Corporation a legitimate charity?
Drexel Development Corporation (EIN: 237448537) is a registered tax-exempt nonprofit based in Missouri. It has 13 years of IRS 990 filings on record. Total revenue: $351K. No red flags identified. Financial health grade: A.
How does Drexel Development Corporation spend its money?
Drexel Development Corporation reported $351K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Drexel Development Corporation tax-deductible?
Drexel Development Corporation is registered as a tax-exempt nonprofit (EIN: 237448537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drexel Development Corporation located?
Drexel Development Corporation is headquartered in Joplin, Missouri and files with the IRS under EIN 237448537.
How many years of IRS 990 filings does Drexel Development Corporation have?
Drexel Development Corporation 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 $351K in total revenue.
Filing History
IRS 990 filing history for Drexel Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Drexel Development Corporation's revenue has grown by 83.4%, moving from $175K to $322K. Total assets increased by 0.3% over the same period, from $603K to $605K. Total functional expenses rose by 43.8%, from $222K to $319K. In its most recent filing year (2023), Drexel Development Corporation reported a surplus of $3K, with revenue exceeding expenses. The organization holds $615K in liabilities against $605K in assets (debt-to-asset ratio: 101.8%), resulting in net assets of $-10,655.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $322K | $319K | $605K | $615K | — | View 990 |
| 2022 | $306K | $355K | $620K | $623K | — | View 990 |
| 2021 | $300K | $307K | $663K | $755K | — | View 990 |
| 2020 | $293K | $300K | $677K | $762K | — | — |
| 2019 | $285K | $310K | $688K | $766K | — | View 990 |
| 2018 | $283K | $273K | $700K | $750K | — | View 990 |
| 2017 | $277K | $255K | $686K | $745K | — | View 990 |
| 2016 | $268K | $253K | $648K | $729K | — | View 990 |
| 2015 | $264K | $246K | $641K | $737K | — | View 990 |
| 2014 | $239K | $243K | $624K | $738K | — | View 990 |
| 2013 | $235K | $250K | $619K | $730K | — | View 990 |
| 2012 | $190K | $215K | $602K | $699K | — | View 990 |
| 2011 | $175K | $222K | $603K | $674K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $322K, expenses of $319K, and assets of $605K (revenue +5.2% year-over-year).
- 2022: Revenue of $306K, expenses of $355K, and assets of $620K (revenue +1.9% year-over-year).
- 2021: Revenue of $300K, expenses of $307K, and assets of $663K (revenue +2.4% year-over-year).
- 2020: Revenue of $293K, expenses of $300K, and assets of $677K (revenue +2.8% year-over-year).
- 2019: Revenue of $285K, expenses of $310K, and assets of $688K (revenue +0.7% year-over-year).
- 2018: Revenue of $283K, expenses of $273K, and assets of $700K (revenue +2.1% year-over-year).
- 2017: Revenue of $277K, expenses of $255K, and assets of $686K (revenue +3.5% year-over-year).
- 2016: Revenue of $268K, expenses of $253K, and assets of $648K (revenue +1.5% year-over-year).
- 2015: Revenue of $264K, expenses of $246K, and assets of $641K (revenue +10.3% year-over-year).
- 2014: Revenue of $239K, expenses of $243K, and assets of $624K (revenue +1.7% year-over-year).
- 2013: Revenue of $235K, expenses of $250K, and assets of $619K (revenue +24.1% year-over-year).
- 2012: Revenue of $190K, expenses of $215K, and assets of $602K (revenue +8.1% year-over-year).
- 2011: Revenue of $175K, expenses of $222K, and assets of $603K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drexel Development Corporation:
Data Sources and Methodology
This transparency report for Drexel 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.