Greater Owensboro Economic Development Corp
EIN: 611254984 · Owensboro, KY
| Metric | Value |
|---|---|
| Total Revenue | $528K |
| Total Expenses | $1.1M |
| Net Assets | $274K |
Is Greater Owensboro Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Owensboro Economic Development Corp
Greater Owensboro Economic Development Corp (EIN: 611254984) is a nonprofit organization based in Owensboro, KY. The organization reported total revenue of $528K and total assets of $327K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Owensboro Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Owensboro Economic Development Corp is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $656K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-465,534 |
| Total Assets | $459K |
| Total Liabilities | $185K |
| Net Assets | $274K |
| Operating Margin | -70.9% |
| Debt-to-Asset Ratio | 40.3% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Greater Owensboro Economic Development Corp reported a deficit of $466K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 40.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Owensboro Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +47.8% | -42.6% |
| 2022 | +12.2% | +23.3% | -10.5% |
| 2021 | +6.8% | +2.7% | -3.3% |
| 2020 | -13.0% | +6.9% | -7.0% |
| 2019 | -17.5% | -21.9% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Owensboro Economic Development Corp 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 Owensboro Economic Development Corp 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 $466K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.3%.
Frequently Asked Questions about Greater Owensboro Economic Development Corp
Is Greater Owensboro Economic Development Corp a legitimate charity?
Greater Owensboro Economic Development Corp (EIN: 611254984) is a registered tax-exempt nonprofit based in Kentucky. It has 13 years of IRS 990 filings on record. Total revenue: $528K. No red flags identified. Financial health grade: B.
How does Greater Owensboro Economic Development Corp spend its money?
Greater Owensboro Economic Development Corp reported $528K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Owensboro Economic Development Corp tax-deductible?
Greater Owensboro Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 611254984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Owensboro Economic Development Corp located?
Greater Owensboro Economic Development Corp is headquartered in Owensboro, Kentucky and files with the IRS under EIN 611254984.
How many years of IRS 990 filings does Greater Owensboro Economic Development Corp have?
Greater Owensboro Economic Development Corp 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 $528K in total revenue.
Filing History
IRS 990 filing history for Greater Owensboro Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Owensboro Economic Development Corp's revenue has grown by 5.8%, moving from $620K to $656K. Total assets decreased by 39.2% over the same period, from $755K to $459K. Total functional expenses rose by 76.7%, from $635K to $1.1M. In its most recent filing year (2023), Greater Owensboro Economic Development Corp reported a deficit of $466K, with expenses exceeding revenue. The organization holds $185K in liabilities against $459K in assets (debt-to-asset ratio: 40.3%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $656K | $1.1M | $459K | $185K | — | View 990 |
| 2022 | $662K | $759K | $799K | $60K | — | View 990 |
| 2021 | $590K | $615K | $893K | $57K | — | — |
| 2020 | $553K | $599K | $924K | $63K | — | — |
| 2019 | $635K | $560K | $994K | $87K | — | View 990 |
| 2018 | $770K | $717K | $878K | $46K | — | View 990 |
| 2017 | $887K | $816K | $874K | $95K | — | View 990 |
| 2016 | $820K | $795K | $792K | $83K | — | View 990 |
| 2015 | $763K | $777K | $789K | $106K | — | View 990 |
| 2014 | $818K | $693K | $755K | $58K | — | View 990 |
| 2013 | $777K | $774K | $663K | $90K | — | View 990 |
| 2012 | $650K | $740K | $612K | $42K | — | View 990 |
| 2011 | $620K | $635K | $755K | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $656K, expenses of $1.1M, and assets of $459K (revenue -0.9% year-over-year).
- 2022: Revenue of $662K, expenses of $759K, and assets of $799K (revenue +12.2% year-over-year).
- 2021: Revenue of $590K, expenses of $615K, and assets of $893K (revenue +6.8% year-over-year).
- 2020: Revenue of $553K, expenses of $599K, and assets of $924K (revenue -13.0% year-over-year).
- 2019: Revenue of $635K, expenses of $560K, and assets of $994K (revenue -17.5% year-over-year).
- 2018: Revenue of $770K, expenses of $717K, and assets of $878K (revenue -13.1% year-over-year).
- 2017: Revenue of $887K, expenses of $816K, and assets of $874K (revenue +8.1% year-over-year).
- 2016: Revenue of $820K, expenses of $795K, and assets of $792K (revenue +7.5% year-over-year).
- 2015: Revenue of $763K, expenses of $777K, and assets of $789K (revenue -6.7% year-over-year).
- 2014: Revenue of $818K, expenses of $693K, and assets of $755K (revenue +5.2% year-over-year).
- 2013: Revenue of $777K, expenses of $774K, and assets of $663K (revenue +19.5% year-over-year).
- 2012: Revenue of $650K, expenses of $740K, and assets of $612K (revenue +4.9% year-over-year).
- 2011: Revenue of $620K, expenses of $635K, and assets of $755K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Owensboro Economic Development Corp:
Data Sources and Methodology
This transparency report for Greater Owensboro Economic Development Corp 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.