Grenora Regional Economic Development
EIN: 450432603 · Grenora, ND
| Metric | Value |
|---|---|
| Total Expenses | $9K |
| Net Assets | $7K |
Is Grenora Regional Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grenora Regional Economic Development
Grenora Regional Economic Development (EIN: 450432603) is a nonprofit organization based in Grenora, ND. 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 Grenora Regional Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grenora Regional Economic Development is a micro nonprofit that has been operating for 32 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $9K |
| Surplus / Deficit | +$4K |
| Total Assets | $7K |
| Net Assets | $7K |
| Operating Margin | 31.9% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2022, Grenora Regional Economic Development reported a surplus of $4K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Grenora Regional Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +92.4% | +10.4% | +297.9% |
| 2021 | -0.8% | -12.2% | +36.0% |
| 2020 | -12.5% | +19.6% | -63.7% |
| 2019 | +41.6% | -24.1% | +3.9% |
| 2018 | -63.3% | -7.8% | -56.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grenora Regional Economic Development 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 Grenora Regional Economic Development 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 surplus of $4K, with revenue exceeding expenses.
Frequently Asked Questions about Grenora Regional Economic Development
Is Grenora Regional Economic Development a legitimate charity?
Grenora Regional Economic Development (EIN: 450432603) is a registered tax-exempt nonprofit based in North Dakota. It has 12 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Grenora Regional Economic Development spend its money?
Grenora Regional Economic Development reported its financials in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grenora Regional Economic Development tax-deductible?
Grenora Regional Economic Development is registered as a tax-exempt nonprofit (EIN: 450432603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grenora Regional Economic Development located?
Grenora Regional Economic Development is headquartered in Grenora, North Dakota and files with the IRS under EIN 450432603.
How many years of IRS 990 filings does Grenora Regional Economic Development have?
Grenora Regional Economic Development 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 Grenora Regional Economic Development showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Grenora Regional Economic Development's revenue has grown by 68.2%, moving from $8K to $13K. Total assets decreased by 13.4% over the same period, from $8K to $7K. Total functional expenses fell by 32%, from $13K to $9K. In its most recent filing year (2022), Grenora Regional Economic Development reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $13K | $9K | $7K | $0 | — | View 990 |
| 2021 | $7K | $8K | $2K | $0 | — | — |
| 2020 | $7K | $9K | $1K | $0 | — | View 990 |
| 2019 | $8K | $8K | $4K | $0 | — | View 990 |
| 2018 | $5K | $10K | $4K | $0 | — | View 990 |
| 2017 | $15K | $11K | $8K | $0 | — | View 990 |
| 2016 | $12K | $14K | $4K | $0 | — | View 990 |
| 2015 | $6K | $13K | $6K | $0 | — | View 990 |
| 2014 | $7K | $14K | $7K | $0 | — | View 990 |
| 2013 | $31K | $27K | $14K | $0 | — | View 990 |
| 2012 | $6K | $3K | $11K | $0 | — | View 990 |
| 2011 | $8K | $13K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $13K, expenses of $9K, and assets of $7K (revenue +92.4% year-over-year).
- 2021: Revenue of $7K, expenses of $8K, and assets of $2K (revenue -0.8% year-over-year).
- 2020: Revenue of $7K, expenses of $9K, and assets of $1K (revenue -12.5% year-over-year).
- 2019: Revenue of $8K, expenses of $8K, and assets of $4K (revenue +41.6% year-over-year).
- 2018: Revenue of $5K, expenses of $10K, and assets of $4K (revenue -63.3% year-over-year).
- 2017: Revenue of $15K, expenses of $11K, and assets of $8K (revenue +21.6% year-over-year).
- 2016: Revenue of $12K, expenses of $14K, and assets of $4K (revenue +89.9% year-over-year).
- 2015: Revenue of $6K, expenses of $13K, and assets of $6K (revenue -2.1% year-over-year).
- 2014: Revenue of $7K, expenses of $14K, and assets of $7K (revenue -78.5% year-over-year).
- 2013: Revenue of $31K, expenses of $27K, and assets of $14K (revenue +453.3% year-over-year).
- 2012: Revenue of $6K, expenses of $3K, and assets of $11K (revenue -28.1% year-over-year).
- 2011: Revenue of $8K, expenses of $13K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grenora Regional Economic Development:
Data Sources and Methodology
This transparency report for Grenora Regional Economic Development 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.