Gibson County Economic Developmentcorporation

Gibson County Economic Developmentcorporation maintains stable finances with growing assets and no reported officer compensation.

EIN: 205369753 · Princeton, IN · NTEE: S30 · Updated: 2026-03-28

$457KRevenue

$1.0MAssets

90/100Mission Score (Excellent)

S30

About Gibson County Economic Developmentcorporation

Gibson County Economic Developmentcorporation (EIN: 205369753) is a nonprofit organization based in Princeton, IN, classified under NTEE code S30. The organization reported total revenue of $457K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gibson County Economic Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Gibson County Economic Developmentcorporation demonstrates consistent financial activity, with revenues and expenses generally in the range of $250,000 to $450,000 over the past decade. The organization's assets have shown steady growth, increasing from $553,309 in 2014 to $1,072,217 in 2023, indicating a healthy accumulation of resources. While the organization has reported liabilities in recent years, reaching $284,156 in 2023, its assets significantly outweigh these obligations, suggesting financial stability. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears reasonable, with expenses generally tracking revenue. For instance, in 2023, expenses were $394,842 against revenues of $365,745, showing a slight deficit but within a manageable range given its asset base. The absence of reported officer compensation suggests that a substantial portion of its operational expenses likely goes towards program delivery and administrative support. The consistent filing of IRS Form 990s over 13 periods further enhances its transparency, providing a clear historical record of its financial operations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Gibson County Economic Developmentcorporation with a Mission Score of 90 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Gibson County Economic Developmentcorporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size with over $1 million in assets and annual expenses approaching $400,000.

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 Gibson County Economic Developmentcorporation's IRS 990 filings:

No reported officer compensation, which could indicate services are provided by volunteers or through other entities, requiring further investigation to understand operational structure.

Strengths

The following positive indicators were identified for Gibson County Economic Developmentcorporation:

Consistent asset growth, increasing from $553,309 in 2014 to $1,072,217 in 2023.
Zero reported officer compensation across all filings, indicating a strong commitment to mission-focused spending.
Long and consistent IRS 990 filing history (13 filings), demonstrating transparency.
Assets significantly outweigh liabilities, indicating financial stability (e.g., $1,072,217 assets vs. $284,156 liabilities in 2023).

Frequently Asked Questions about Gibson County Economic Developmentcorporation

Is Gibson County Economic Developmentcorporation a good charity?

Based on the available data, the organization appears to be financially stable with growing assets and a strong commitment to transparency, evidenced by 0% officer compensation. Its consistent filing history and asset growth are positive indicators.

How does the organization manage its liabilities?

While liabilities have appeared in recent years, reaching $284,156 in 2023, the organization's assets of $1,072,217 in the same period significantly exceed these liabilities, suggesting a healthy balance sheet and ability to manage its obligations.

What is the trend in the organization's financial health?

The organization shows a positive trend in asset growth, from $553,309 in 2014 to over $1 million in 2023. Revenue and expenses fluctuate but generally remain within a stable range, indicating consistent operations.

Filing History

IRS 990 filing history for Gibson County Economic Developmentcorporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Gibson County Economic Developmentcorporation's revenue has grown by 46.6%, moving from $250K to $366K. Total assets increased by 264.3% over the same period, from $294K to $1.1M. Total functional expenses rose by 86%, from $212K to $395K. In its most recent filing year (2023), Gibson County Economic Developmentcorporation reported a deficit of $29K, with expenses exceeding revenue. The organization holds $284K in liabilities against $1.1M in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $788K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$366K	$395K	$1.1M	$284K	—	—
2022	$322K	$298K	$1.1M	$294K	—	View 990
2021	$256K	$285K	$1.1M	$306K	—	View 990
2020	$438K	$385K	$1.1M	$265K	—	—
2019	$414K	$293K	$1.0M	$271K	—	View 990
2018	$276K	$342K	$621K	$0	—	View 990
2017	$259K	$189K	$688K	$0	—	View 990
2016	$316K	$240K	$651K	$0	—	View 990
2015	$294K	$217K	$631K	$0	—	View 990
2014	$333K	$272K	$553K	$0	—	View 990
2013	$303K	$176K	$484K	$0	—	View 990
2012	$322K	$260K	$356K	$0	—	View 990
2011	$250K	$212K	$294K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $366K, expenses of $395K, and assets of $1.1M (revenue +13.7% year-over-year).
2022: Revenue of $322K, expenses of $298K, and assets of $1.1M (revenue +25.7% year-over-year).
2021: Revenue of $256K, expenses of $285K, and assets of $1.1M (revenue -41.6% year-over-year).
2020: Revenue of $438K, expenses of $385K, and assets of $1.1M (revenue +5.7% year-over-year).
2019: Revenue of $414K, expenses of $293K, and assets of $1.0M (revenue +50.2% year-over-year).
2018: Revenue of $276K, expenses of $342K, and assets of $621K (revenue +6.5% year-over-year).
2017: Revenue of $259K, expenses of $189K, and assets of $688K (revenue -18.2% year-over-year).
2016: Revenue of $316K, expenses of $240K, and assets of $651K (revenue +7.7% year-over-year).
2015: Revenue of $294K, expenses of $217K, and assets of $631K (revenue -11.8% year-over-year).
2014: Revenue of $333K, expenses of $272K, and assets of $553K (revenue +9.9% year-over-year).
2013: Revenue of $303K, expenses of $176K, and assets of $484K (revenue -6.0% year-over-year).
2012: Revenue of $322K, expenses of $260K, and assets of $356K (revenue +29.1% year-over-year).
2011: Revenue of $250K, expenses of $212K, and assets of $294K.

Data Sources and Methodology

This transparency report for Gibson County Economic 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.