Eco Industries Inc
Eco Industries Inc. reports significant deficit in latest filing with zero assets.
EIN: 200161259 · Cheyenne, WY · NTEE: P117 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $967K |
| Total Expenses | $985K |
| Program Spending | 70% |
| Transparency Score | 45/100 |
Is Eco Industries Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eco Industries Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Eco Industries Inc
Eco Industries Inc (EIN: 200161259) is a nonprofit organization based in Cheyenne, WY, classified under NTEE code P117. The organization reported total revenue of $967K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eco Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eco Industries Inc is a small nonprofit that has been operating for 23 years, with 8 years of IRS 990 filings on record (2012–2019).
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $818K |
| Total Expenses | $985K |
| Surplus / Deficit | $-167,263 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -20.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2019, Eco Industries Inc reported a deficit of $167K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +1600.8% | +1528.2% | -100.0% |
| 2018 | +9.1% | +187.2% | -6.9% |
| 2017 | -16.1% | -45.5% | +14.7% |
| 2016 | +9.4% | -25.3% | +9.7% |
| 2015 | +7.5% | +33.8% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eco Industries Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Eco Industries Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $167K, with expenses exceeding revenue.
Executive Compensation Analysis
Eco Industries Inc. consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led organization or that executive compensation is not being reported in a standard manner, which limits transparency regarding leadership costs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eco Industries Inc's IRS 990 filings:
- Consistent operational deficits, notably $167,263 in 201906.
- Reporting $0 assets and liabilities in recent filings despite significant revenue and expenses.
- Highly volatile revenue, with a massive spike in 201906 after years of low activity.
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data.
- Unclear financial sustainability given recurring deficits and no reported assets.
Strengths
The following positive indicators were identified for Eco Industries Inc:
- Consistent IRS 990 filing history (8 filings), indicating compliance with reporting requirements.
- No reported officer compensation, potentially indicating a volunteer-driven leadership.
Frequently Asked Questions about Eco Industries Inc
Is Eco Industries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eco Industries Inc (EIN: 200161259) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does Eco Industries Inc spend its money?
Eco Industries Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eco Industries Inc tax-deductible?
Eco Industries Inc is registered as a tax-exempt nonprofit (EIN: 200161259). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eco Industries Inc's spending goes to programs?
Eco Industries Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Eco Industries Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Eco Industries Inc is near average for NTEE category P117 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eco Industries Inc located?
Eco Industries Inc is headquartered in Cheyenne, Wyoming and files with the IRS under EIN 200161259. It is classified under NTEE code P117.
How many years of IRS 990 filings does Eco Industries Inc have?
Eco Industries Inc has 8 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 $967K in total revenue.
Why does Eco Industries Inc. consistently report $0 in assets and liabilities in its most recent filings, especially with nearly $1 million in revenue and expenses in 201906?
The consistent reporting of $0 assets and liabilities, particularly in the 201906 period with significant financial activity, is highly unusual for a nonprofit and could indicate that assets are held by a related entity, or that the organization operates on a pass-through basis without retaining significant capital. This warrants further investigation into their financial structure.
How does Eco Industries Inc. cover its operational deficits, such as the $167,263 deficit in 201906 ($985,276 expenses - $818,013 revenue), without reported assets?
The organization's ability to cover consistent operational deficits without reported assets is a significant concern. This could be sustained by external funding not reflected as revenue in the provided summary, loans, or by drawing down on previously unreported reserves. This financial model appears unsustainable in the long term.
What caused the dramatic increase in revenue and expenses in 201906 compared to prior years (e.g., $818,013 revenue vs. $48,097 in 201806)?
The sudden and substantial increase in both revenue and expenses in 201906 suggests a significant change in the organization's operations, funding, or a one-time event. Understanding the nature of this activity is crucial for assessing future financial stability.
Given the NTEE code P117 (Environmental Education), how effectively is Eco Industries Inc. utilizing its funds for program delivery, especially with the reported deficits?
Without a detailed breakdown of program spending, it's challenging to assess program effectiveness. However, the consistent deficits and unusual asset reporting raise concerns about the sustainability and efficiency of program delivery, as financial instability can hinder mission achievement.
Filing History
IRS 990 filing history for Eco Industries Inc showing financial trends over 8 years of public records:
Total assets decreased by 100% over the same period, from $361 to $0. Total functional expenses rose by 3649070.4%, from $27 to $985K. In its most recent filing year (2019), Eco Industries Inc reported a deficit of $167K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $818K | $985K | $0 | $0 | — | View 990 |
| 2018 | $48K | $61K | $167K | $0 | — | View 990 |
| 2017 | $44K | $21K | $180K | $0 | — | View 990 |
| 2016 | $53K | $39K | $157K | $0 | — | View 990 |
| 2015 | $48K | $52K | $143K | $0 | — | View 990 |
| 2014 | $45K | $39K | $147K | $0 | — | View 990 |
| 2013 | $0 | $27 | $857 | $523 | — | View 990 |
| 2012 | $0 | $27 | $361 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $818K, expenses of $985K, and assets of $0 (revenue +1600.8% year-over-year).
- 2018: Revenue of $48K, expenses of $61K, and assets of $167K (revenue +9.1% year-over-year).
- 2017: Revenue of $44K, expenses of $21K, and assets of $180K (revenue -16.1% year-over-year).
- 2016: Revenue of $53K, expenses of $39K, and assets of $157K (revenue +9.4% year-over-year).
- 2015: Revenue of $48K, expenses of $52K, and assets of $143K (revenue +7.5% year-over-year).
- 2014: Revenue of $45K, expenses of $39K, and assets of $147K.
- 2013: Revenue of $0, expenses of $27, and assets of $857.
- 2012: Revenue of $0, expenses of $27, and assets of $361.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eco Industries Inc:
Data Sources and Methodology
This transparency report for Eco Industries Inc 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.