Economic Development Assoication Of Minnesota
EIN: 411263666 · Minneapolis, MN
| Metric | Value |
|---|---|
| Total Revenue | $322K |
| Total Expenses | $294K |
| Net Assets | $205K |
Is Economic Development Assoication Of Minnesota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Economic Development Assoication Of Minnesota
Economic Development Assoication Of Minnesota (EIN: 411263666) is a nonprofit organization based in Minneapolis, MN. The organization reported total revenue of $322K and total assets of $336K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Assoication Of Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Assoication Of Minnesota is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $306K |
| Total Expenses | $294K |
| Surplus / Deficit | +$12K |
| Total Assets | $290K |
| Total Liabilities | $85K |
| Net Assets | $205K |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 29.2% |
| Months of Reserves | 11.8 months |
Financial Health Grade: A
In 2023, Economic Development Assoication Of Minnesota reported a surplus of $12K with revenue exceeding expenses, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Economic Development Assoication Of Minnesota's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +20.2% | +3.1% |
| 2022 | +4.3% | +20.4% | +28.7% |
| 2021 | +21.1% | -14.9% | +14.9% |
| 2020 | -17.0% | +6.0% | -10.3% |
| 2019 | +5.9% | -6.7% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Economic Development Assoication Of Minnesota 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 Economic Development Assoication Of Minnesota 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.2%.
Frequently Asked Questions about Economic Development Assoication Of Minnesota
Is Economic Development Assoication Of Minnesota a legitimate charity?
Economic Development Assoication Of Minnesota (EIN: 411263666) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $322K. No red flags identified. Financial health grade: A.
How does Economic Development Assoication Of Minnesota spend its money?
Economic Development Assoication Of Minnesota reported $322K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Economic Development Assoication Of Minnesota tax-deductible?
Economic Development Assoication Of Minnesota is registered as a tax-exempt nonprofit (EIN: 411263666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Economic Development Assoication Of Minnesota located?
Economic Development Assoication Of Minnesota is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411263666.
How many years of IRS 990 filings does Economic Development Assoication Of Minnesota have?
Economic Development Assoication Of Minnesota has 14 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 $322K in total revenue.
Filing History
IRS 990 filing history for Economic Development Assoication Of Minnesota showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Economic Development Assoication Of Minnesota's revenue has grown by 134%, moving from $131K to $306K. Total assets increased by 481% over the same period, from $50K to $290K. Total functional expenses rose by 98.9%, from $148K to $294K. In its most recent filing year (2023), Economic Development Assoication Of Minnesota reported a surplus of $12K, with revenue exceeding expenses. The organization holds $85K in liabilities against $290K in assets (debt-to-asset ratio: 29.2%), resulting in net assets of $205K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $306K | $294K | $290K | $85K | — | — |
| 2022 | $278K | $244K | $281K | $88K | — | View 990 |
| 2021 | $267K | $203K | $218K | $59K | — | View 990 |
| 2020 | $220K | $239K | $190K | $95K | — | — |
| 2019 | $266K | $225K | $212K | $98K | — | View 990 |
| 2018 | $251K | $241K | $171K | $98K | — | View 990 |
| 2017 | $251K | $280K | $127K | $63K | — | View 990 |
| 2016 | $233K | $218K | $172K | $79K | — | View 990 |
| 2015 | $222K | $236K | $147K | $69K | — | View 990 |
| 2014 | $157K | $155K | $147K | $56K | — | — |
| 2013 | $208K | $182K | $145K | $55K | — | View 990 |
| 2012 | $180K | $151K | $71K | $7K | — | View 990 |
| 2011 | $130K | $131K | $57K | $23K | — | View 990 |
| 2010 | $131K | $148K | $50K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $306K, expenses of $294K, and assets of $290K (revenue +10.0% year-over-year).
- 2022: Revenue of $278K, expenses of $244K, and assets of $281K (revenue +4.3% year-over-year).
- 2021: Revenue of $267K, expenses of $203K, and assets of $218K (revenue +21.1% year-over-year).
- 2020: Revenue of $220K, expenses of $239K, and assets of $190K (revenue -17.0% year-over-year).
- 2019: Revenue of $266K, expenses of $225K, and assets of $212K (revenue +5.9% year-over-year).
- 2018: Revenue of $251K, expenses of $241K, and assets of $171K (revenue -0.2% year-over-year).
- 2017: Revenue of $251K, expenses of $280K, and assets of $127K (revenue +7.8% year-over-year).
- 2016: Revenue of $233K, expenses of $218K, and assets of $172K (revenue +5.1% year-over-year).
- 2015: Revenue of $222K, expenses of $236K, and assets of $147K (revenue +41.4% year-over-year).
- 2014: Revenue of $157K, expenses of $155K, and assets of $147K (revenue -24.6% year-over-year).
- 2013: Revenue of $208K, expenses of $182K, and assets of $145K (revenue +15.3% year-over-year).
- 2012: Revenue of $180K, expenses of $151K, and assets of $71K (revenue +38.6% year-over-year).
- 2011: Revenue of $130K, expenses of $131K, and assets of $57K (revenue -0.5% year-over-year).
- 2010: Revenue of $131K, expenses of $148K, and assets of $50K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Assoication Of Minnesota:
Data Sources and Methodology
This transparency report for Economic Development Assoication Of Minnesota 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.