Fairbank Development Corporation
EIN: 421238560 · Fairbank, IA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $63K |
| Net Assets | $77K |
Is Fairbank Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fairbank Development Corporation
Fairbank Development Corporation (EIN: 421238560) is a nonprofit organization based in Fairbank, IA, classified under NTEE code S30. The organization reported total revenue of $206K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairbank Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairbank Development Corporation is a small nonprofit that has been operating for 12 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $63K |
| Surplus / Deficit | +$29K |
| Total Assets | $77K |
| Net Assets | $77K |
| Operating Margin | 31.7% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Fairbank Development Corporation reported a surplus of $29K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Fairbank Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.9% | -26.4% | +61.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fairbank Development Corporation 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 Fairbank Development Corporation 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about Fairbank Development Corporation
Is Fairbank Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairbank Development Corporation (EIN: 421238560) insufficient data. 0 red flags identified, 0 strengths noted.
How does Fairbank Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Fairbank Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Fairbank Development Corporation tax-deductible?
Fairbank Development Corporation is registered as a tax-exempt nonprofit (EIN: 421238560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fairbank Development Corporation located?
Fairbank Development Corporation is headquartered in Fairbank, Iowa and files with the IRS under EIN 421238560. It is classified under NTEE code S30.
How many years of IRS 990 filings does Fairbank Development Corporation have?
Fairbank Development Corporation has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $206K in total revenue.
Filing History
IRS 990 filing history for Fairbank Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Fairbank Development Corporation's revenue has declined by 14.9%, moving from $108K to $92K. Total assets increased by 61% over the same period, from $48K to $77K. Total functional expenses fell by 26.4%, from $85K to $63K. In its most recent filing year (2023), Fairbank Development Corporation reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $63K | $77K | $0 | — | View 990 |
| 2022 | $108K | $85K | $48K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairbank Development Corporation:
Data Sources and Methodology
This transparency report for Fairbank Development Corporation 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.