Eau Claire Area Economic Development Corporation
EIN: 391488940 · Eau Claire, WI
| Metric | Value |
|---|---|
| Total Revenue | $337K |
| Total Expenses | $240K |
| Net Assets | $383K |
Is Eau Claire Area Economic 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 Eau Claire Area Economic Development Corporation
Eau Claire Area Economic Development Corporation (EIN: 391488940) is a nonprofit organization based in Eau Claire, WI. The organization reported total revenue of $337K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eau Claire Area Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eau Claire Area Economic Development Corporation is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $240K |
| Surplus / Deficit | +$15K |
| Total Assets | $389K |
| Total Liabilities | $5K |
| Net Assets | $383K |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Eau Claire Area Economic Development Corporation reported a surplus of $15K with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eau Claire Area Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.7% | +0.5% | +2.4% |
| 2022 | -18.4% | +9.8% | -7.4% |
| 2021 | +60.5% | +9.3% | +10.5% |
| 2020 | -26.4% | -18.3% | -9.9% |
| 2019 | -51.2% | -42.6% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eau Claire Area Economic 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 Eau Claire Area Economic 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 $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Eau Claire Area Economic Development Corporation
Is Eau Claire Area Economic Development Corporation a legitimate charity?
Eau Claire Area Economic Development Corporation (EIN: 391488940) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $337K. No red flags identified. Financial health grade: A.
How does Eau Claire Area Economic Development Corporation spend its money?
Eau Claire Area Economic Development Corporation reported $337K 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 Eau Claire Area Economic Development Corporation tax-deductible?
Eau Claire Area Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 391488940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eau Claire Area Economic Development Corporation located?
Eau Claire Area Economic Development Corporation is headquartered in Eau Claire, Wisconsin and files with the IRS under EIN 391488940.
How many years of IRS 990 filings does Eau Claire Area Economic Development Corporation have?
Eau Claire Area Economic 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 $337K in total revenue.
Filing History
IRS 990 filing history for Eau Claire Area Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eau Claire Area Economic Development Corporation's revenue has declined by 21.3%, moving from $324K to $255K. Total assets decreased by 29.3% over the same period, from $550K to $389K. Total functional expenses fell by 25.1%, from $320K to $240K. In its most recent filing year (2023), Eau Claire Area Economic Development Corporation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $5K in liabilities against $389K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $383K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $240K | $389K | $5K | — | — |
| 2022 | $207K | $239K | $379K | $11K | — | — |
| 2021 | $254K | $217K | $410K | $10K | — | View 990 |
| 2020 | $158K | $199K | $371K | $8K | — | — |
| 2019 | $215K | $244K | $411K | $8K | — | — |
| 2018 | $441K | $424K | $442K | $10K | — | View 990 |
| 2017 | $353K | $329K | $425K | $10K | — | View 990 |
| 2016 | $339K | $320K | $428K | $36K | — | View 990 |
| 2015 | $441K | $428K | $574K | $201K | — | View 990 |
| 2014 | $371K | $369K | $560K | $200K | — | View 990 |
| 2013 | $372K | $367K | $579K | $220K | — | View 990 |
| 2012 | $351K | $352K | $535K | $182K | — | View 990 |
| 2011 | $324K | $320K | $550K | $196K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $240K, and assets of $389K (revenue +22.7% year-over-year).
- 2022: Revenue of $207K, expenses of $239K, and assets of $379K (revenue -18.4% year-over-year).
- 2021: Revenue of $254K, expenses of $217K, and assets of $410K (revenue +60.5% year-over-year).
- 2020: Revenue of $158K, expenses of $199K, and assets of $371K (revenue -26.4% year-over-year).
- 2019: Revenue of $215K, expenses of $244K, and assets of $411K (revenue -51.2% year-over-year).
- 2018: Revenue of $441K, expenses of $424K, and assets of $442K (revenue +25.1% year-over-year).
- 2017: Revenue of $353K, expenses of $329K, and assets of $425K (revenue +4.0% year-over-year).
- 2016: Revenue of $339K, expenses of $320K, and assets of $428K (revenue -23.1% year-over-year).
- 2015: Revenue of $441K, expenses of $428K, and assets of $574K (revenue +18.9% year-over-year).
- 2014: Revenue of $371K, expenses of $369K, and assets of $560K (revenue -0.3% year-over-year).
- 2013: Revenue of $372K, expenses of $367K, and assets of $579K (revenue +6.0% year-over-year).
- 2012: Revenue of $351K, expenses of $352K, and assets of $535K (revenue +8.5% year-over-year).
- 2011: Revenue of $324K, expenses of $320K, and assets of $550K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eau Claire Area Economic Development Corporation:
Data Sources and Methodology
This transparency report for Eau Claire Area Economic 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.