Gilmer County Industrial Development Assn
EIN: 550483494 · Glenville, WV
| Metric | Value |
|---|---|
| Total Revenue | $33K |
| Total Expenses | $61K |
| Net Assets | $291K |
Is Gilmer County Industrial Development Assn 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 Industrial Development Assn
Gilmer County Industrial Development Assn (EIN: 550483494) is a nonprofit organization based in Glenville, WV. The organization reported total revenue of $33K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilmer County Industrial Development Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilmer County Industrial Development Assn is a micro nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25K |
| Total Expenses | $61K |
| Surplus / Deficit | $-35,926 |
| Total Assets | $291K |
| Net Assets | $291K |
| Operating Margin | -143.0% |
| Months of Reserves | 57.2 months |
Financial Health Grade: B
In 2023, Gilmer County Industrial Development Assn reported a deficit of $36K with expenses exceeding revenue, holds 57.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Gilmer County Industrial Development Assn's revenue has declined at a compound annual growth rate (CAGR) of -10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +237.0% | -11.5% |
| 2022 | -81.7% | +102.2% | +2.1% |
| 2021 | +425.5% | -86.6% | +14.4% |
| 2020 | +46.7% | +213.4% | -13.2% |
| 2019 | -34.4% | -17.4% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gilmer County Industrial Development Assn 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 Industrial Development Assn 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 deficit of $36K, with expenses exceeding revenue.
Frequently Asked Questions about Gilmer County Industrial Development Assn
Is Gilmer County Industrial Development Assn a legitimate charity?
Based on AI analysis of IRS 990 filings, Gilmer County Industrial Development Assn (EIN: 550483494) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gilmer County Industrial Development Assn spend its money?
Detailed spending breakdown data is not yet available for Gilmer County Industrial Development Assn. Check back for updated IRS 990 analysis.
Are donations to Gilmer County Industrial Development Assn tax-deductible?
Gilmer County Industrial Development Assn is registered as a tax-exempt nonprofit (EIN: 550483494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gilmer County Industrial Development Assn located?
Gilmer County Industrial Development Assn is headquartered in Glenville, West Virginia and files with the IRS under EIN 550483494.
How many years of IRS 990 filings does Gilmer County Industrial Development Assn have?
Gilmer County Industrial Development Assn 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 $33K in total revenue.
Filing History
IRS 990 filing history for Gilmer County Industrial Development Assn showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gilmer County Industrial Development Assn's revenue has declined by 72.3%, moving from $91K to $25K. Total assets decreased by 9.3% over the same period, from $321K to $291K. Total functional expenses fell by 1%, from $62K to $61K. In its most recent filing year (2023), Gilmer County Industrial Development Assn reported a deficit of $36K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25K | $61K | $291K | $0 | — | — |
| 2022 | $23K | $18K | $329K | $0 | — | View 990 |
| 2021 | $125K | $9K | $322K | $0 | — | — |
| 2020 | $24K | $67K | $282K | $0 | — | View 990 |
| 2019 | $16K | $21K | $325K | $0 | — | View 990 |
| 2018 | $25K | $26K | $330K | $0 | — | View 990 |
| 2017 | $36K | $42K | $329K | $0 | — | View 990 |
| 2016 | $42K | $21K | $335K | $0 | — | View 990 |
| 2015 | $45K | $43K | $317K | $0 | — | View 990 |
| 2014 | $44K | $69K | $313K | $3K | — | View 990 |
| 2013 | $50K | $42K | $334K | $1K | — | View 990 |
| 2012 | $73K | $67K | $328K | $2K | — | View 990 |
| 2011 | $91K | $62K | $321K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25K, expenses of $61K, and assets of $291K (revenue +10.0% year-over-year).
- 2022: Revenue of $23K, expenses of $18K, and assets of $329K (revenue -81.7% year-over-year).
- 2021: Revenue of $125K, expenses of $9K, and assets of $322K (revenue +425.5% year-over-year).
- 2020: Revenue of $24K, expenses of $67K, and assets of $282K (revenue +46.7% year-over-year).
- 2019: Revenue of $16K, expenses of $21K, and assets of $325K (revenue -34.4% year-over-year).
- 2018: Revenue of $25K, expenses of $26K, and assets of $330K (revenue -31.0% year-over-year).
- 2017: Revenue of $36K, expenses of $42K, and assets of $329K (revenue -14.4% year-over-year).
- 2016: Revenue of $42K, expenses of $21K, and assets of $335K (revenue -6.8% year-over-year).
- 2015: Revenue of $45K, expenses of $43K, and assets of $317K (revenue +2.3% year-over-year).
- 2014: Revenue of $44K, expenses of $69K, and assets of $313K (revenue -12.2% year-over-year).
- 2013: Revenue of $50K, expenses of $42K, and assets of $334K (revenue -31.9% year-over-year).
- 2012: Revenue of $73K, expenses of $67K, and assets of $328K (revenue -19.1% year-over-year).
- 2011: Revenue of $91K, expenses of $62K, and assets of $321K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilmer County Industrial Development Assn:
Data Sources and Methodology
This transparency report for Gilmer County Industrial Development Assn 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.