Gilmer County Family Resource Network Inc
EIN: 550754524 · Glenville, WV · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $398K |
| Total Expenses | $352K |
| Net Assets | $23K |
Is Gilmer County Family Resource Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gilmer County Family Resource Network Inc
Gilmer County Family Resource Network Inc (EIN: 550754524) is a nonprofit organization based in Glenville, WV, classified under NTEE code P20. The organization reported total revenue of $398K and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilmer County Family Resource Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilmer County Family Resource Network Inc is a small nonprofit that has been operating for 11 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $352K |
| Surplus / Deficit | +$11K |
| Total Assets | $33K |
| Total Liabilities | $10K |
| Net Assets | $23K |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 29.1% |
| Months of Reserves | 1.1 months |
Financial Health Grade: A
In 2024, Gilmer County Family Resource Network Inc reported a surplus of $11K with revenue exceeding expenses, holds 1.1 months of operating reserves (limited), has a debt-to-asset ratio of 29.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Gilmer County Family Resource Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +198.9% | +201.5% | +140.4% |
| 2023 | +32.3% | +10.5% | +55.1% |
| 2022 | +9.4% | +13.9% | -61.2% |
| 2021 | +14.7% | +13.9% | -9.7% |
| 2020 | -15.7% | -8.4% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gilmer County Family Resource Network 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 Gilmer County Family Resource Network 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.1%.
Frequently Asked Questions about Gilmer County Family Resource Network Inc
Is Gilmer County Family Resource Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilmer County Family Resource Network Inc (EIN: 550754524) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gilmer County Family Resource Network Inc spend its money?
Detailed spending breakdown data is not yet available for Gilmer County Family Resource Network Inc. Check back for updated IRS 990 analysis.
Are donations to Gilmer County Family Resource Network Inc tax-deductible?
Gilmer County Family Resource Network Inc is registered as a tax-exempt nonprofit (EIN: 550754524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gilmer County Family Resource Network Inc located?
Gilmer County Family Resource Network Inc is headquartered in Glenville, West Virginia and files with the IRS under EIN 550754524. It is classified under NTEE code P20.
How many years of IRS 990 filings does Gilmer County Family Resource Network Inc have?
Gilmer County Family Resource Network Inc 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 $398K in total revenue.
Filing History
IRS 990 filing history for Gilmer County Family Resource Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Gilmer County Family Resource Network Inc's revenue has declined by 28.7%, moving from $509K to $363K. Total assets decreased by 94.7% over the same period, from $627K to $33K. Total functional expenses fell by 36.5%, from $553K to $352K. In its most recent filing year (2024), Gilmer County Family Resource Network Inc reported a surplus of $11K, with revenue exceeding expenses. The organization holds $10K in liabilities against $33K in assets (debt-to-asset ratio: 29.1%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $363K | $352K | $33K | $10K | — | — |
| 2023 | $121K | $117K | $14K | $1K | — | View 990 |
| 2022 | $92K | $106K | $9K | $957 | — | View 990 |
| 2021 | $84K | $93K | $23K | $9K | — | — |
| 2020 | $73K | $81K | $25K | $11K | — | View 990 |
| 2019 | $87K | $89K | $26K | $3K | — | View 990 |
| 2018 | $82K | $86K | $28K | $3K | — | View 990 |
| 2017 | $73K | $75K | $32K | $3K | — | View 990 |
| 2016 | $78K | $79K | $34K | $2K | — | View 990 |
| 2015 | $90K | $96K | $496K | $2K | — | View 990 |
| 2014 | $66K | $80K | $502K | $2K | — | — |
| 2013 | $70K | $110K | $516K | $9K | — | — |
| 2012 | $65K | $142K | $560K | $9K | — | — |
| 2011 | $509K | $553K | $627K | $558 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $363K, expenses of $352K, and assets of $33K (revenue +198.9% year-over-year).
- 2023: Revenue of $121K, expenses of $117K, and assets of $14K (revenue +32.3% year-over-year).
- 2022: Revenue of $92K, expenses of $106K, and assets of $9K (revenue +9.4% year-over-year).
- 2021: Revenue of $84K, expenses of $93K, and assets of $23K (revenue +14.7% year-over-year).
- 2020: Revenue of $73K, expenses of $81K, and assets of $25K (revenue -15.7% year-over-year).
- 2019: Revenue of $87K, expenses of $89K, and assets of $26K (revenue +5.7% year-over-year).
- 2018: Revenue of $82K, expenses of $86K, and assets of $28K (revenue +12.0% year-over-year).
- 2017: Revenue of $73K, expenses of $75K, and assets of $32K (revenue -5.9% year-over-year).
- 2016: Revenue of $78K, expenses of $79K, and assets of $34K (revenue -13.7% year-over-year).
- 2015: Revenue of $90K, expenses of $96K, and assets of $496K (revenue +36.9% year-over-year).
- 2014: Revenue of $66K, expenses of $80K, and assets of $502K (revenue -6.4% year-over-year).
- 2013: Revenue of $70K, expenses of $110K, and assets of $516K (revenue +8.6% year-over-year).
- 2012: Revenue of $65K, expenses of $142K, and assets of $560K (revenue -87.3% year-over-year).
- 2011: Revenue of $509K, expenses of $553K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilmer County Family Resource Network Inc:
Data Sources and Methodology
This transparency report for Gilmer County Family Resource Network 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.