Falls City Economic Development Andgrowth Enterprise Inc

Falls City Economic Development Andgrowth Enterprise Inc shows consistent growth in assets and maintains a surplus with no reported officer compensation.

EIN: 204688422 · Falls City, NE · NTEE: S41 · Updated: 2026-03-28

$330KRevenue
$1.3MAssets
85/100Mission Score (Excellent)
S41

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Falls City Economic Development Andgrowth Enterprise Inc Financial Summary
MetricValue
Total Revenue$330K
Total Expenses$236K
Program Spending90%
Net Assets$1.1M
Transparency Score85/100

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Falls City Economic Development Andgrowth Enterprise Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Falls City Economic Development Andgrowth Enterprise Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Falls City Economic Development Andgrowth Enterprise Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $330K and expenses of $236K.

Revenue and Expenses

Falls City Economic Development Andgrowth Enterprise Inc reported $330K in revenue and $236K in expenses, a surplus of $94K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.

Is Falls City Economic Development Andgrowth Enterprise Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Falls City Economic Development Andgrowth Enterprise Inc Expense Deployment
Program services$212K (90%)

Across stored filings, Falls City Economic Development Andgrowth Enterprise Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Falls City Economic Development Andgrowth Enterprise Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend90% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Burlington Capital FoundationNebraska and Community Improvement context

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Falls City Economic Development Andgrowth Enterprise Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Falls City Economic Development Andgrowth Enterprise Inc

Falls City Economic Development Andgrowth Enterprise Inc (EIN: 204688422) is a nonprofit organization based in Falls City, NE, classified under NTEE code S41. The organization reported total revenue of $330K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Falls City Economic Development Andgrowth Enterprise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

19Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Falls City Economic Development Andgrowth Enterprise Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$330K
Total Expenses$236K
Surplus / Deficit+$94K
Total Assets$1.5M
Total Liabilities$400K
Net Assets$1.1M
Operating Margin28.5%
Debt-to-Asset Ratio27.1%
Months of Reserves75.2 months

Financial Health Grade: A

In 2023, Falls City Economic Development Andgrowth Enterprise Inc reported a surplus of $94K with revenue exceeding expenses, holds 75.2 months of operating reserves (strong position), has a debt-to-asset ratio of 27.1% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Falls City Economic Development Andgrowth Enterprise Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.

YearRevenue ChangeExpense ChangeAsset Change
2023+41.7%+10.1%+67.7%
2022-55.3%-36.7%-28.1%
2021+82.9%+13.5%+20.0%
2020+26.1%+32.1%+75.3%
2019+15.7%+14.2%+39.8%

IRS Tax-Exempt Classification

IRS Classification Codes2000
IRS Ruling Date2007

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Falls City Economic Development Andgrowth Enterprise Inc demonstrates consistent financial activity, with revenues fluctuating but generally maintaining a stable base over the past decade. In the latest filing (202312), the organization reported revenues of $329,575 against expenses of $235,690, indicating a healthy surplus for the period. The organization's assets have shown significant growth, nearly quadrupling from $305,024 in 2014 to $1,477,009 in 2023, suggesting effective asset management and potentially successful fundraising or investment activities. Liabilities have also increased, reaching $399,605 in 2023, which warrants monitoring but is not immediately concerning given the substantial asset base. The organization's spending efficiency appears strong, as evidenced by the consistent surpluses in recent years (e.g., $93,885 in 2023 and $18,487 in 2022). A key indicator of transparency and mission focus is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code S41 (Economic Development) aligns with the organization's name and likely mission, and the financial data supports an active role in its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Falls City Economic Development Andgrowth Enterprise Inc 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: 7%
  • programs: 90%
  • fundraising: 3%

According to IRS 990 filings, Falls City Economic Development Andgrowth Enterprise Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$330KTotal Revenue
$236KTotal Expenses
$1.5MTotal Assets
$400KTotal Liabilities
$1.1MNet Assets
  • The organization reported a surplus of $94K, with revenue exceeding expenses.
  • Debt-to-asset ratio: 27.1%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for donor perception and resource allocation.

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 Falls City Economic Development Andgrowth Enterprise Inc's IRS 990 filings:

  • Increasing liabilities, reaching $399,605 in 2023, warrant monitoring relative to asset growth and cash flow.

Strengths

The following positive indicators were identified for Falls City Economic Development Andgrowth Enterprise Inc:

  • Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
  • Significant asset growth from $305,024 in 2014 to $1,477,009 in 2023, demonstrating financial stability and capacity.
  • Healthy financial surpluses in recent years, such as $93,885 in 2023, indicating effective expense management.
  • Stable revenue base over the past decade, supporting ongoing operations.

Frequently Asked Questions about Falls City Economic Development Andgrowth Enterprise Inc

Is Falls City Economic Development Andgrowth Enterprise Inc a legitimate charity?

Falls City Economic Development Andgrowth Enterprise Inc (EIN: 204688422) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $330K. 1 red flag identified. 4 strengths noted. Financial health grade: A.

How does Falls City Economic Development Andgrowth Enterprise Inc spend its money?

Falls City Economic Development Andgrowth Enterprise Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.

Are donations to Falls City Economic Development Andgrowth Enterprise Inc tax-deductible?

Falls City Economic Development Andgrowth Enterprise Inc is registered as a tax-exempt nonprofit (EIN: 204688422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Falls City Economic Development Andgrowth Enterprise Inc's spending goes to programs?

Falls City Economic Development Andgrowth Enterprise Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Falls City Economic Development Andgrowth Enterprise Inc compare to similar nonprofits?

With a transparency score of 85/100 (Excellent), Falls City Economic Development Andgrowth Enterprise Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Falls City Economic Development Andgrowth Enterprise Inc located?

Falls City Economic Development Andgrowth Enterprise Inc is headquartered in Falls City, Nebraska and files with the IRS under EIN 204688422. It is classified under NTEE code S41.

How many years of IRS 990 filings does Falls City Economic Development Andgrowth Enterprise Inc have?

Falls City Economic Development Andgrowth Enterprise 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 $330K in total revenue.

How does Falls City Economic Development Andgrowth Enterprise Inc utilize its growing assets?

The organization's assets have grown significantly from $305,024 in 2014 to $1,477,009 in 2023. Further investigation into their program activities and specific asset allocations would clarify how these resources are deployed for economic development initiatives.

What are the primary sources of revenue for the organization?

While the filings show total revenue, a detailed breakdown of revenue sources (e.g., grants, contributions, program service revenue) is not provided in this summary, making it difficult to assess funding diversification.

What specific economic development programs does the organization operate?

The NTEE code S41 indicates economic development, but the financial data alone does not detail the specific programs or initiatives undertaken by Falls City Economic Development Andgrowth Enterprise Inc.

Filing History

IRS 990 filing history for Falls City Economic Development Andgrowth Enterprise Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Falls City Economic Development Andgrowth Enterprise Inc's revenue has grown by 50.2%, moving from $219K to $330K. Total assets increased by 346.2% over the same period, from $331K to $1.5M. Total functional expenses fell by 24.2%, from $311K to $236K. In its most recent filing year (2023), Falls City Economic Development Andgrowth Enterprise Inc reported a surplus of $94K, with revenue exceeding expenses. The organization holds $400K in liabilities against $1.5M in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $1.1M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $330K $236K $1.5M $400K View 990
2022 $233K $214K $881K $157K View 990
2021 $520K $338K $1.2M $572K View 990
2020 $284K $298K $1.0M $576K
2019 $225K $225K $583K $164K View 990
2018 $195K $197K $417K $36K View 990
2017 $217K $292K $386K $40K View 990
2016 $226K $227K $434K $55K View 990
2015 $253K $253K $376K $44K View 990
2014 $257K $264K $305K $71K View 990
2013 $240K $240K $192K $21K View 990
2012 $215K $409K $162K $0 View 990
2011 $219K $311K $331K $55K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $330K, expenses of $236K, and assets of $1.5M (revenue +41.7% year-over-year).
  • 2022: Revenue of $233K, expenses of $214K, and assets of $881K (revenue -55.3% year-over-year).
  • 2021: Revenue of $520K, expenses of $338K, and assets of $1.2M (revenue +82.9% year-over-year).
  • 2020: Revenue of $284K, expenses of $298K, and assets of $1.0M (revenue +26.1% year-over-year).
  • 2019: Revenue of $225K, expenses of $225K, and assets of $583K (revenue +15.7% year-over-year).
  • 2018: Revenue of $195K, expenses of $197K, and assets of $417K (revenue -10.4% year-over-year).
  • 2017: Revenue of $217K, expenses of $292K, and assets of $386K (revenue -3.7% year-over-year).
  • 2016: Revenue of $226K, expenses of $227K, and assets of $434K (revenue -10.9% year-over-year).
  • 2015: Revenue of $253K, expenses of $253K, and assets of $376K (revenue -1.4% year-over-year).
  • 2014: Revenue of $257K, expenses of $264K, and assets of $305K (revenue +7.3% year-over-year).
  • 2013: Revenue of $240K, expenses of $240K, and assets of $192K (revenue +11.3% year-over-year).
  • 2012: Revenue of $215K, expenses of $409K, and assets of $162K (revenue -1.9% year-over-year).
  • 2011: Revenue of $219K, expenses of $311K, and assets of $331K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Falls City Economic Development Andgrowth Enterprise Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Falls City Economic Development Andgrowth Enterprise 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.

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