Grant County Covention And Visitors Bureau Inc
Grant County Convention And Visitors Bureau maintains stable finances with consistent surpluses and no reported officer compensation.
EIN: 205180724 · Petersburg, WV · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $143K |
| Program Spending | 90% |
| Net Assets | $226K |
| Transparency Score | 90/100 |
Is Grant County Covention And Visitors Bureau Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grant County Covention And Visitors Bureau Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grant County Covention And Visitors Bureau Inc
Grant County Covention And Visitors Bureau Inc (EIN: 205180724) is a nonprofit organization based in Petersburg, WV, classified under NTEE code S41. The organization reported total revenue of $211K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grant County Covention And Visitors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grant County Covention And Visitors Bureau Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $143K |
| Surplus / Deficit | +$5K |
| Total Assets | $228K |
| Total Liabilities | $1K |
| Net Assets | $226K |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Grant County Covention And Visitors Bureau Inc reported a surplus of $5K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grant County Covention And Visitors Bureau Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | +1.1% | +2.4% |
| 2022 | +6.7% | +8.9% | +17.8% |
| 2021 | -1.1% | +15.2% | +11.0% |
| 2020 | +8.0% | -20.1% | +54.5% |
| 2019 | +22.8% | +4.6% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grant County Covention And Visitors Bureau Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Grant County Covention And Visitors Bureau Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization is likely volunteer-led or has very low, non-officer compensation, which is a positive sign for minimizing overhead.
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.
Strengths
The following positive indicators were identified for Grant County Covention And Visitors Bureau Inc:
- Consistent financial surpluses, with revenues generally exceeding expenses (e.g., 202312: Revenue $148,707, Expenses $143,212).
- Zero reported officer compensation across all filings, indicating high efficiency and potentially volunteer leadership.
- Steady growth in assets, from $92,666 in 201812 to $227,598 in 202312, enhancing financial stability.
- Low liabilities relative to assets, demonstrating a healthy balance sheet (e.g., 202312: Liabilities $1,196 vs. Assets $227,598).
- Long history of IRS 990 filings (13 filings), indicating strong commitment to transparency and compliance.
Frequently Asked Questions about Grant County Covention And Visitors Bureau Inc
Is Grant County Covention And Visitors Bureau Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grant County Covention And Visitors Bureau Inc (EIN: 205180724) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Grant County Covention And Visitors Bureau Inc spend its money?
Grant County Covention And Visitors Bureau Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Grant County Covention And Visitors Bureau Inc tax-deductible?
Grant County Covention And Visitors Bureau Inc is registered as a tax-exempt nonprofit (EIN: 205180724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Grant County Covention And Visitors Bureau Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Grant County Covention And Visitors Bureau 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 Grant County Covention And Visitors Bureau Inc located?
Grant County Covention And Visitors Bureau Inc is headquartered in Petersburg, West Virginia and files with the IRS under EIN 205180724. It is classified under NTEE code S41.
How many years of IRS 990 filings does Grant County Covention And Visitors Bureau Inc have?
Grant County Covention And Visitors Bureau 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 $211K in total revenue.
Is Grant County Convention And Visitors Bureau Inc a good charity?
Based on the available financial data, the organization appears to be a well-managed and financially stable entity. It consistently generates surpluses, has a growing asset base, and reports 0% officer compensation, all of which are positive indicators of a 'good' charity in terms of financial health and efficiency.
How does the organization manage its expenses?
The organization consistently manages its expenses to be at or below its revenue, as seen in the 202312 period where expenses were $143,212 against revenues of $148,707. This trend is visible across multiple years, suggesting prudent financial management and cost control.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $92,666 in 201812 to $227,598 in 202312. This indicates financial growth and the accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Grant County Covention And Visitors Bureau Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grant County Covention And Visitors Bureau Inc's revenue has grown by 52%, moving from $98K to $149K. Total assets increased by 144.3% over the same period, from $93K to $228K. Total functional expenses rose by 43.8%, from $100K to $143K. In its most recent filing year (2023), Grant County Covention And Visitors Bureau Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $1K in liabilities against $228K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $226K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $143K | $228K | $1K | — | — |
| 2022 | $174K | $142K | $222K | $1K | — | View 990 |
| 2021 | $163K | $130K | $189K | $396 | — | View 990 |
| 2020 | $165K | $113K | $170K | $15K | — | View 990 |
| 2019 | $153K | $141K | $110K | $8K | — | View 990 |
| 2018 | $125K | $135K | $93K | $2K | — | View 990 |
| 2017 | $144K | $155K | $129K | $3K | — | View 990 |
| 2016 | $126K | $131K | $140K | $2K | — | View 990 |
| 2015 | $116K | $104K | $141K | $9K | — | View 990 |
| 2014 | $102K | $86K | $129K | $9K | — | View 990 |
| 2013 | $88K | $86K | $105K | $805 | — | View 990 |
| 2012 | $88K | $78K | $103K | $0 | — | View 990 |
| 2011 | $98K | $100K | $93K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $143K, and assets of $228K (revenue -14.7% year-over-year).
- 2022: Revenue of $174K, expenses of $142K, and assets of $222K (revenue +6.7% year-over-year).
- 2021: Revenue of $163K, expenses of $130K, and assets of $189K (revenue -1.1% year-over-year).
- 2020: Revenue of $165K, expenses of $113K, and assets of $170K (revenue +8.0% year-over-year).
- 2019: Revenue of $153K, expenses of $141K, and assets of $110K (revenue +22.8% year-over-year).
- 2018: Revenue of $125K, expenses of $135K, and assets of $93K (revenue -13.5% year-over-year).
- 2017: Revenue of $144K, expenses of $155K, and assets of $129K (revenue +14.0% year-over-year).
- 2016: Revenue of $126K, expenses of $131K, and assets of $140K (revenue +9.3% year-over-year).
- 2015: Revenue of $116K, expenses of $104K, and assets of $141K (revenue +13.4% year-over-year).
- 2014: Revenue of $102K, expenses of $86K, and assets of $129K (revenue +15.9% year-over-year).
- 2013: Revenue of $88K, expenses of $86K, and assets of $105K (revenue +0.4% year-over-year).
- 2012: Revenue of $88K, expenses of $78K, and assets of $103K (revenue -10.5% year-over-year).
- 2011: Revenue of $98K, expenses of $100K, and assets of $93K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grant County Covention And Visitors Bureau Inc:
Data Sources and Methodology
This transparency report for Grant County Covention And Visitors Bureau 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.