Economic Development Properties Inc
EIN: 611105122 · Owensboro, KY · NTEE: S31Z
| Metric | Value |
|---|---|
| Total Revenue | $32K |
| Total Expenses | $131K |
| Net Assets | $17K |
Is Economic Development Properties 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 Properties Inc
Economic Development Properties Inc (EIN: 611105122) is a nonprofit organization based in Owensboro, KY, classified under NTEE code S31Z. The organization reported total revenue of $32K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Properties Inc is a micro nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $131K |
| Surplus / Deficit | $-99,471 |
| Total Assets | $30K |
| Total Liabilities | $14K |
| Net Assets | $17K |
| Operating Margin | -312.8% |
| Debt-to-Asset Ratio | 44.8% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Economic Development Properties Inc reported a deficit of $99K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 44.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Economic Development Properties Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +196.2% | -75.9% |
| 2022 | -7.1% | -24.6% | -8.3% |
| 2020 | -2754.4% | -31.7% | -89.6% |
| 2019 | +-0.0% | +22.8% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Economic Development Properties 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 Properties 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.8%.
Frequently Asked Questions about Economic Development Properties Inc
Is Economic Development Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Development Properties Inc (EIN: 611105122) insufficient data. 0 red flags identified, 0 strengths noted.
How does Economic Development Properties Inc spend its money?
Detailed spending breakdown data is not yet available for Economic Development Properties Inc. Check back for updated IRS 990 analysis.
Are donations to Economic Development Properties Inc tax-deductible?
Economic Development Properties Inc is registered as a tax-exempt nonprofit (EIN: 611105122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Economic Development Properties Inc located?
Economic Development Properties Inc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 611105122. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Economic Development Properties Inc have?
Economic Development Properties Inc 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 $32K in total revenue.
Filing History
IRS 990 filing history for Economic Development Properties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Economic Development Properties Inc's revenue has declined by 28.4%, moving from $44K to $32K. Total assets decreased by 91.8% over the same period, from $372K to $30K. Total functional expenses rose by 797%, from $15K to $131K. In its most recent filing year (2023), Economic Development Properties Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $14K in liabilities against $30K in assets (debt-to-asset ratio: 44.8%), resulting in net assets of $17K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $131K | $30K | $14K | — | View 990 |
| 2022 | $32K | $44K | $126K | $10K | — | — |
| 2021 | $35K | $59K | $137K | $9K | — | — |
| 2020 | $-1,097,455 | $62K | $135K | $3K | — | View 990 |
| 2019 | $41K | $90K | $1.3M | $7K | — | View 990 |
| 2018 | $41K | $74K | $1.3M | $4K | — | View 990 |
| 2017 | $42K | $67K | $1.4M | $2K | — | View 990 |
| 2016 | $43K | $59K | $1.4M | $0 | — | View 990 |
| 2015 | $51K | $76K | $1.4M | $2K | — | View 990 |
| 2014 | $54K | $41K | $1.4M | $3K | — | View 990 |
| 2013 | $1.1M | $21K | $1.4M | $4K | — | View 990 |
| 2012 | $40K | $21K | $392K | $2K | — | View 990 |
| 2011 | $44K | $15K | $372K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $131K, and assets of $30K (revenue -1.5% year-over-year).
- 2022: Revenue of $32K, expenses of $44K, and assets of $126K (revenue -7.1% year-over-year).
- 2021: Revenue of $35K, expenses of $59K, and assets of $137K.
- 2020: Revenue of $-1,097,455, expenses of $62K, and assets of $135K (revenue -2754.4% year-over-year).
- 2019: Revenue of $41K, expenses of $90K, and assets of $1.3M (revenue +-0.0% year-over-year).
- 2018: Revenue of $41K, expenses of $74K, and assets of $1.3M (revenue -0.6% year-over-year).
- 2017: Revenue of $42K, expenses of $67K, and assets of $1.4M (revenue -3.9% year-over-year).
- 2016: Revenue of $43K, expenses of $59K, and assets of $1.4M (revenue -14.3% year-over-year).
- 2015: Revenue of $51K, expenses of $76K, and assets of $1.4M (revenue -6.5% year-over-year).
- 2014: Revenue of $54K, expenses of $41K, and assets of $1.4M (revenue -94.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $21K, and assets of $1.4M (revenue +2514.0% year-over-year).
- 2012: Revenue of $40K, expenses of $21K, and assets of $392K (revenue -9.0% year-over-year).
- 2011: Revenue of $44K, expenses of $15K, and assets of $372K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Properties Inc:
Data Sources and Methodology
This transparency report for Economic Development Properties 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.