Greater Biloxi Economic Development Foundation Inc
EIN: 640663887 · Biloxi, MS · NTEE: S43Z
| Metric | Value |
|---|---|
| Total Expenses | $19K |
| Net Assets | $86K |
Is Greater Biloxi Economic Development Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Biloxi Economic Development Foundation Inc
Greater Biloxi Economic Development Foundation Inc (EIN: 640663887) is a nonprofit organization based in Biloxi, MS, classified under NTEE code S43Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Biloxi Economic Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Biloxi Economic Development Foundation Inc is a micro nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -17.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $19K |
| Surplus / Deficit | $-1,544 |
| Total Assets | $258K |
| Total Liabilities | $172K |
| Net Assets | $86K |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 66.7% |
| Months of Reserves | 158.9 months |
Financial Health Grade: C
In 2022, Greater Biloxi Economic Development Foundation Inc reported a deficit of $2K with expenses exceeding revenue, holds 158.9 months of operating reserves (strong position), has a debt-to-asset ratio of 66.7% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Greater Biloxi Economic Development Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +164.6% | +275.0% | -0.4% |
| 2021 | -80.6% | -92.1% | +1.7% |
| 2020 | -62.3% | -59.1% | -11.8% |
| 2019 | -69.8% | +5.5% | -18.2% |
| 2018 | +100.2% | -0.4% | +81.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Biloxi Economic Development Foundation 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 Greater Biloxi Economic Development Foundation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.7%.
Frequently Asked Questions about Greater Biloxi Economic Development Foundation Inc
Is Greater Biloxi Economic Development Foundation Inc a legitimate charity?
Greater Biloxi Economic Development Foundation Inc (EIN: 640663887) is a registered tax-exempt nonprofit based in Mississippi. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Greater Biloxi Economic Development Foundation Inc spend its money?
Greater Biloxi Economic Development Foundation Inc reported its financials in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Biloxi Economic Development Foundation Inc tax-deductible?
Greater Biloxi Economic Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 640663887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Biloxi Economic Development Foundation Inc located?
Greater Biloxi Economic Development Foundation Inc is headquartered in Biloxi, Mississippi and files with the IRS under EIN 640663887. It is classified under NTEE code S43Z.
How many years of IRS 990 filings does Greater Biloxi Economic Development Foundation Inc have?
Greater Biloxi Economic Development Foundation Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Greater Biloxi Economic Development Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Greater Biloxi Economic Development Foundation Inc's revenue has declined by 87.9%, moving from $148K to $18K. Total assets decreased by 8.7% over the same period, from $282K to $258K. Total functional expenses fell by 85.9%, from $138K to $19K. In its most recent filing year (2022), Greater Biloxi Economic Development Foundation Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $172K in liabilities against $258K in assets (debt-to-asset ratio: 66.7%), resulting in net assets of $86K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $18K | $19K | $258K | $172K | — | View 990 |
| 2021 | $7K | $5K | $259K | $171K | — | — |
| 2020 | $35K | $66K | $254K | $168K | — | — |
| 2019 | $93K | $160K | $288K | $172K | — | View 990 |
| 2018 | $307K | $152K | $352K | $168K | — | View 990 |
| 2017 | $153K | $152K | $194K | $165K | — | View 990 |
| 2016 | $116K | $154K | $191K | $163K | — | View 990 |
| 2015 | $128K | $151K | $230K | $164K | — | View 990 |
| 2014 | $134K | $164K | $250K | $160K | — | View 990 |
| 2013 | $138K | $148K | $274K | $155K | — | View 990 |
| 2012 | $114K | $149K | $247K | $159K | — | View 990 |
| 2011 | $148K | $138K | $282K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $18K, expenses of $19K, and assets of $258K (revenue +164.6% year-over-year).
- 2021: Revenue of $7K, expenses of $5K, and assets of $259K (revenue -80.6% year-over-year).
- 2020: Revenue of $35K, expenses of $66K, and assets of $254K (revenue -62.3% year-over-year).
- 2019: Revenue of $93K, expenses of $160K, and assets of $288K (revenue -69.8% year-over-year).
- 2018: Revenue of $307K, expenses of $152K, and assets of $352K (revenue +100.2% year-over-year).
- 2017: Revenue of $153K, expenses of $152K, and assets of $194K (revenue +32.1% year-over-year).
- 2016: Revenue of $116K, expenses of $154K, and assets of $191K (revenue -9.2% year-over-year).
- 2015: Revenue of $128K, expenses of $151K, and assets of $230K (revenue -4.9% year-over-year).
- 2014: Revenue of $134K, expenses of $164K, and assets of $250K (revenue -2.9% year-over-year).
- 2013: Revenue of $138K, expenses of $148K, and assets of $274K (revenue +21.2% year-over-year).
- 2012: Revenue of $114K, expenses of $149K, and assets of $247K (revenue -22.8% year-over-year).
- 2011: Revenue of $148K, expenses of $138K, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Biloxi Economic Development Foundation Inc:
Data Sources and Methodology
This transparency report for Greater Biloxi Economic Development Foundation 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.