Emmetsburg Community Developmentcorporation
Emmetsburg Community Developmentcorporation shows strong revenue growth and asset accumulation with zero executive compensation.
EIN: 205660617 · Emmetsburg, IA · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $272K |
| Total Expenses | $101K |
| Program Spending | 85% |
| Net Assets | $509K |
| Transparency Score | 85/100 |
Is Emmetsburg Community Developmentcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emmetsburg Community Developmentcorporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emmetsburg Community Developmentcorporation
Emmetsburg Community Developmentcorporation (EIN: 205660617) is a nonprofit organization based in Emmetsburg, IA, classified under NTEE code S31. The organization reported total revenue of $272K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emmetsburg Community Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Emmetsburg Community Developmentcorporation is a small nonprofit that has been operating for 9 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $101K |
| Surplus / Deficit | +$171K |
| Total Assets | $1.4M |
| Total Liabilities | $928K |
| Net Assets | $509K |
| Operating Margin | 62.9% |
| Debt-to-Asset Ratio | 64.6% |
| Months of Reserves | 170.9 months |
Financial Health Grade: A
In 2024, Emmetsburg Community Developmentcorporation reported a surplus of $171K with revenue exceeding expenses, holds 170.9 months of operating reserves (strong position), has a debt-to-asset ratio of 64.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Emmetsburg Community Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +192.4% | +222.3% | +79.5% |
| 2023 | +93.1% | +13.0% | +8.1% |
| 2022 | +60.2% | +277.7% | +5.5% |
| 2021 | -36.5% | -58.0% | -26.2% |
| 2020 | -77.0% | -30.8% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Emmetsburg Community Developmentcorporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Emmetsburg Community Developmentcorporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Emmetsburg Community Developmentcorporation's IRS 990 filings:
- High liabilities relative to assets ($928,408 liabilities vs. $1,437,386 assets in 2024) warrant further investigation into their nature and repayment schedule.
Strengths
The following positive indicators were identified for Emmetsburg Community Developmentcorporation:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Significant revenue growth in the latest filing period ($271,725 in 2024).
- Consistent growth in assets over time, demonstrating financial accumulation and stability.
- Positive net income in most recent periods, indicating financial health.
Frequently Asked Questions about Emmetsburg Community Developmentcorporation
Is Emmetsburg Community Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Emmetsburg Community Developmentcorporation (EIN: 205660617) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Emmetsburg Community Developmentcorporation spend its money?
Emmetsburg Community Developmentcorporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Emmetsburg Community Developmentcorporation tax-deductible?
Emmetsburg Community Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 205660617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Emmetsburg Community Developmentcorporation's spending goes to programs?
Emmetsburg Community Developmentcorporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Emmetsburg Community Developmentcorporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Emmetsburg Community Developmentcorporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Emmetsburg Community Developmentcorporation located?
Emmetsburg Community Developmentcorporation is headquartered in Emmetsburg, Iowa and files with the IRS under EIN 205660617. It is classified under NTEE code S31.
How many years of IRS 990 filings does Emmetsburg Community Developmentcorporation have?
Emmetsburg Community Developmentcorporation 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 $272K in total revenue.
Is Emmetsburg Community Developmentcorporation financially stable?
Yes, the organization appears financially stable, with growing assets ($1,437,386 in 2024) and a positive net income in most recent periods. However, the high liabilities ($928,408) should be reviewed for their nature and repayment terms.
How does Emmetsburg Community Developmentcorporation manage its expenses?
In the latest period (202406), expenses were $100,944 against revenues of $271,725, suggesting a significant portion of revenue is retained or directed towards its mission. The consistent 0% officer compensation indicates efficient management of leadership costs.
What is the trend in the organization's revenue?
The organization has shown significant revenue growth, particularly from $92,944 in 2023 to $271,725 in 2024, indicating increasing support or successful fundraising efforts.
Filing History
IRS 990 filing history for Emmetsburg Community Developmentcorporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Emmetsburg Community Developmentcorporation's revenue has grown by 459.6%, moving from $49K to $272K. Total assets increased by 118.1% over the same period, from $659K to $1.4M. Total functional expenses rose by 158%, from $39K to $101K. In its most recent filing year (2024), Emmetsburg Community Developmentcorporation reported a surplus of $171K, with revenue exceeding expenses. The organization holds $928K in liabilities against $1.4M in assets (debt-to-asset ratio: 64.6%), resulting in net assets of $509K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $272K | $101K | $1.4M | $928K | — | — |
| 2023 | $93K | $31K | $801K | $463K | — | View 990 |
| 2022 | $48K | $28K | $741K | $464K | — | View 990 |
| 2021 | $30K | $7K | $702K | $446K | — | View 990 |
| 2020 | $47K | $17K | $951K | $700K | — | View 990 |
| 2019 | $206K | $25K | $819K | $598K | — | View 990 |
| 2018 | $-3,888 | $66K | $582K | $542K | — | View 990 |
| 2017 | $169K | $98K | $706K | $575K | — | View 990 |
| 2016 | $58K | $43K | $683K | $622K | — | View 990 |
| 2015 | $48K | $32K | $593K | $547K | — | View 990 |
| 2014 | $49K | $34K | $591K | $562K | — | View 990 |
| 2013 | $63K | $43K | $590K | $575K | — | View 990 |
| 2012 | $-7,346 | $50K | $581K | $586K | — | View 990 |
| 2011 | $49K | $39K | $659K | $607K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $272K, expenses of $101K, and assets of $1.4M (revenue +192.4% year-over-year).
- 2023: Revenue of $93K, expenses of $31K, and assets of $801K (revenue +93.1% year-over-year).
- 2022: Revenue of $48K, expenses of $28K, and assets of $741K (revenue +60.2% year-over-year).
- 2021: Revenue of $30K, expenses of $7K, and assets of $702K (revenue -36.5% year-over-year).
- 2020: Revenue of $47K, expenses of $17K, and assets of $951K (revenue -77.0% year-over-year).
- 2019: Revenue of $206K, expenses of $25K, and assets of $819K.
- 2018: Revenue of $-3,888, expenses of $66K, and assets of $582K (revenue -102.3% year-over-year).
- 2017: Revenue of $169K, expenses of $98K, and assets of $706K (revenue +190.1% year-over-year).
- 2016: Revenue of $58K, expenses of $43K, and assets of $683K (revenue +20.8% year-over-year).
- 2015: Revenue of $48K, expenses of $32K, and assets of $593K (revenue -1.7% year-over-year).
- 2014: Revenue of $49K, expenses of $34K, and assets of $591K (revenue -22.1% year-over-year).
- 2013: Revenue of $63K, expenses of $43K, and assets of $590K.
- 2012: Revenue of $-7,346, expenses of $50K, and assets of $581K (revenue -115.1% year-over-year).
- 2011: Revenue of $49K, expenses of $39K, and assets of $659K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Emmetsburg Community Developmentcorporation:
Data Sources and Methodology
This transparency report for Emmetsburg Community Developmentcorporation 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.