Economic Development Council Of Okaloosa County Florida Inc
EIN: 592288214 · Ft Walton Bch, FL
| Metric | Value |
|---|---|
| Total Revenue | $765K |
| Total Expenses | $674K |
| Net Assets | $317K |
Is Economic Development Council Of Okaloosa County Florida Inc 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 Council Of Okaloosa County Florida Inc
Economic Development Council Of Okaloosa County Florida Inc (EIN: 592288214) is a nonprofit organization based in Ft Walton Bch, FL. The organization reported total revenue of $765K and total assets of $356K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Council Of Okaloosa County Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Council Of Okaloosa County Florida Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $681K |
| Total Expenses | $674K |
| Surplus / Deficit | +$6K |
| Total Assets | $335K |
| Total Liabilities | $18K |
| Net Assets | $317K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2024, Economic Development Council Of Okaloosa County Florida Inc reported a surplus of $6K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Economic Development Council Of Okaloosa County Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.4% | +3.6% | +3.4% |
| 2023 | +3.7% | +1.6% | +16.6% |
| 2022 | +16.1% | +13.1% | -3.9% |
| 2021 | -4.2% | -5.7% | +12.3% |
| 2020 | +1.1% | +1.9% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Economic Development Council Of Okaloosa County Florida Inc 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 Council Of Okaloosa County Florida Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about Economic Development Council Of Okaloosa County Florida Inc
Is Economic Development Council Of Okaloosa County Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Development Council Of Okaloosa County Florida Inc (EIN: 592288214) insufficient data. 0 red flags identified, 0 strengths noted.
How does Economic Development Council Of Okaloosa County Florida Inc spend its money?
Detailed spending breakdown data is not yet available for Economic Development Council Of Okaloosa County Florida Inc. Check back for updated IRS 990 analysis.
Are donations to Economic Development Council Of Okaloosa County Florida Inc tax-deductible?
Economic Development Council Of Okaloosa County Florida Inc is registered as a tax-exempt nonprofit (EIN: 592288214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Economic Development Council Of Okaloosa County Florida Inc located?
Economic Development Council Of Okaloosa County Florida Inc is headquartered in Ft Walton Bch, Florida and files with the IRS under EIN 592288214.
How many years of IRS 990 filings does Economic Development Council Of Okaloosa County Florida Inc have?
Economic Development Council Of Okaloosa County Florida Inc 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 $765K in total revenue.
Filing History
IRS 990 filing history for Economic Development Council Of Okaloosa County Florida Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Economic Development Council Of Okaloosa County Florida Inc's revenue has grown by 19%, moving from $572K to $681K. Total assets increased by 73.5% over the same period, from $193K to $335K. Total functional expenses rose by 4.8%, from $643K to $674K. In its most recent filing year (2024), Economic Development Council Of Okaloosa County Florida Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $18K in liabilities against $335K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $317K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $681K | $674K | $335K | $18K | — | — |
| 2023 | $697K | $651K | $324K | $13K | — | View 990 |
| 2022 | $672K | $641K | $278K | $14K | — | View 990 |
| 2021 | $579K | $567K | $289K | $56K | — | View 990 |
| 2020 | $604K | $601K | $258K | $37K | — | — |
| 2019 | $598K | $590K | $228K | $11K | — | View 990 |
| 2018 | $565K | $600K | $231K | $21K | — | View 990 |
| 2017 | $803K | $778K | $247K | $2K | — | View 990 |
| 2016 | $768K | $710K | $223K | $3K | — | View 990 |
| 2015 | $766K | $787K | $209K | $46K | — | View 990 |
| 2014 | $612K | $586K | $186K | $3K | — | View 990 |
| 2013 | $488K | $511K | $167K | $9K | — | View 990 |
| 2012 | $568K | $574K | $186K | $5K | — | View 990 |
| 2011 | $572K | $643K | $193K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $681K, expenses of $674K, and assets of $335K (revenue -2.4% year-over-year).
- 2023: Revenue of $697K, expenses of $651K, and assets of $324K (revenue +3.7% year-over-year).
- 2022: Revenue of $672K, expenses of $641K, and assets of $278K (revenue +16.1% year-over-year).
- 2021: Revenue of $579K, expenses of $567K, and assets of $289K (revenue -4.2% year-over-year).
- 2020: Revenue of $604K, expenses of $601K, and assets of $258K (revenue +1.1% year-over-year).
- 2019: Revenue of $598K, expenses of $590K, and assets of $228K (revenue +5.8% year-over-year).
- 2018: Revenue of $565K, expenses of $600K, and assets of $231K (revenue -29.6% year-over-year).
- 2017: Revenue of $803K, expenses of $778K, and assets of $247K (revenue +4.5% year-over-year).
- 2016: Revenue of $768K, expenses of $710K, and assets of $223K (revenue +0.2% year-over-year).
- 2015: Revenue of $766K, expenses of $787K, and assets of $209K (revenue +25.3% year-over-year).
- 2014: Revenue of $612K, expenses of $586K, and assets of $186K (revenue +25.5% year-over-year).
- 2013: Revenue of $488K, expenses of $511K, and assets of $167K (revenue -14.2% year-over-year).
- 2012: Revenue of $568K, expenses of $574K, and assets of $186K (revenue -0.6% year-over-year).
- 2011: Revenue of $572K, expenses of $643K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Council Of Okaloosa County Florida Inc:
Data Sources and Methodology
This transparency report for Economic Development Council Of Okaloosa County Florida 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.