Hanover County Clean Technology Innovation Center
EIN: 271229777 · Ashland, VA · NTEE: C35
| Metric | Value |
|---|---|
| Total Revenue | $367K |
| Total Expenses | $248K |
| Net Assets | $266K |
Is Hanover County Clean Technology Innovation Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hanover County Clean Technology Innovation Center
Hanover County Clean Technology Innovation Center (EIN: 271229777) is a nonprofit organization based in Ashland, VA, classified under NTEE code C35. The organization reported total revenue of $367K and total assets of $699K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover County Clean Technology Innovation Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover County Clean Technology Innovation Center is a small nonprofit that has been operating for 2 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 359.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $260K |
| Total Expenses | $248K |
| Surplus / Deficit | +$12K |
| Total Assets | $267K |
| Total Liabilities | $2K |
| Net Assets | $266K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Hanover County Clean Technology Innovation Center reported a surplus of $12K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hanover County Clean Technology Innovation Center's revenue has grown at a compound annual growth rate (CAGR) of 359.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +32.6% | +5.2% |
| 2022 | +2243.6% | +139.2% | +65.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hanover County Clean Technology Innovation Center 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 Hanover County Clean Technology Innovation Center 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 surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Hanover County Clean Technology Innovation Center
Is Hanover County Clean Technology Innovation Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Hanover County Clean Technology Innovation Center (EIN: 271229777) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hanover County Clean Technology Innovation Center spend its money?
Detailed spending breakdown data is not yet available for Hanover County Clean Technology Innovation Center. Check back for updated IRS 990 analysis.
Are donations to Hanover County Clean Technology Innovation Center tax-deductible?
Hanover County Clean Technology Innovation Center is registered as a tax-exempt nonprofit (EIN: 271229777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hanover County Clean Technology Innovation Center located?
Hanover County Clean Technology Innovation Center is headquartered in Ashland, Virginia and files with the IRS under EIN 271229777. It is classified under NTEE code C35.
How many years of IRS 990 filings does Hanover County Clean Technology Innovation Center have?
Hanover County Clean Technology Innovation Center has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $367K in total revenue.
Filing History
IRS 990 filing history for Hanover County Clean Technology Innovation Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hanover County Clean Technology Innovation Center's revenue has grown by 2011.7%, moving from $12K to $260K. Total assets increased by 74.1% over the same period, from $154K to $267K. Total functional expenses rose by 217.1%, from $78K to $248K. In its most recent filing year (2023), Hanover County Clean Technology Innovation Center reported a surplus of $12K, with revenue exceeding expenses. The organization holds $2K in liabilities against $267K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $260K | $248K | $267K | $2K | — | View 990 |
| 2022 | $289K | $187K | $254K | $2K | — | View 990 |
| 2021 | $12K | $78K | $154K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $260K, expenses of $248K, and assets of $267K (revenue -9.9% year-over-year).
- 2022: Revenue of $289K, expenses of $187K, and assets of $254K (revenue +2243.6% year-over-year).
- 2021: Revenue of $12K, expenses of $78K, and assets of $154K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover County Clean Technology Innovation Center:
Data Sources and Methodology
This transparency report for Hanover County Clean Technology Innovation Center 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.