Henderson County Partnership Foreconomic Development Inc
Henderson County Partnership Foreconomic Development Inc consistently operates with minimal liabilities and zero reported officer compensation.
EIN: 205136021 · Hendersonvlle, NC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $720K |
| Total Expenses | $674K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $465K |
| Transparency Score | 92/100 |
Is Henderson County Partnership Foreconomic Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henderson County Partnership Foreconomic Development Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henderson County Partnership Foreconomic Development Inc
Henderson County Partnership Foreconomic Development Inc (EIN: 205136021) is a nonprofit organization based in Hendersonvlle, NC, classified under NTEE code S41. The organization reported total revenue of $720K and total assets of $483K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henderson County Partnership Foreconomic Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henderson County Partnership Foreconomic Development 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 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $674K |
| Surplus / Deficit | +$747 |
| Total Assets | $465K |
| Net Assets | $465K |
| Operating Margin | 0.1% |
| Months of Reserves | 8.3 months |
Financial Health Grade: A
In 2023, Henderson County Partnership Foreconomic Development Inc reported a surplus of $747 with revenue exceeding expenses, holds 8.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Henderson County Partnership Foreconomic Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +28.6% | +0.2% |
| 2022 | -1.3% | -3.5% | +4.9% |
| 2021 | +4.3% | +6.5% | +2.3% |
| 2020 | +0.8% | +9.4% | +4.9% |
| 2019 | -4.0% | -7.3% | +16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Henderson County Partnership Foreconomic Development Inc with a Mission Score of 92 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, Henderson County Partnership Foreconomic Development 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 $747, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with annual revenues exceeding $500,000 and suggests either volunteer leadership or compensation is covered by another entity, which warrants further investigation for complete transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Henderson County Partnership Foreconomic Development Inc's IRS 990 filings:
- Zero officer compensation reported across all filings, which is unusual for an organization of this size and could indicate compensation is paid by a related entity not disclosed in these filings.
Strengths
The following positive indicators were identified for Henderson County Partnership Foreconomic Development Inc:
- Consistent reporting of zero officer compensation, indicating high transparency and dedication of funds to mission.
- Strong financial health with minimal to zero liabilities reported in recent years.
- Steady growth in assets over the past decade, demonstrating financial stability.
- High program efficiency, with expenses closely matching revenue, indicating direct application of funds to mission.
- Consistent filing history (13 filings) demonstrating commitment to transparency and compliance.
Frequently Asked Questions about Henderson County Partnership Foreconomic Development Inc
Is Henderson County Partnership Foreconomic Development Inc a legitimate charity?
Henderson County Partnership Foreconomic Development Inc (EIN: 205136021) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $720K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Henderson County Partnership Foreconomic Development Inc spend its money?
Henderson County Partnership Foreconomic Development Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Henderson County Partnership Foreconomic Development Inc tax-deductible?
Henderson County Partnership Foreconomic Development Inc is registered as a tax-exempt nonprofit (EIN: 205136021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Henderson County Partnership Foreconomic Development Inc CEO make?
Henderson County Partnership Foreconomic Development Inc's highest-compensated officer earns $500,000 annually. The organization reported $720K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Henderson County Partnership Foreconomic Development Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Henderson County Partnership Foreconomic Development 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 Henderson County Partnership Foreconomic Development Inc located?
Henderson County Partnership Foreconomic Development Inc is headquartered in Hendersonvlle, North Carolina and files with the IRS under EIN 205136021. It is classified under NTEE code S41.
How many years of IRS 990 filings does Henderson County Partnership Foreconomic Development Inc have?
Henderson County Partnership Foreconomic Development 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 $720K in total revenue.
Is Henderson County Partnership Foreconomic Development Inc a good charity?
Based on the available IRS 990 data, the organization appears to be a very good charity. It demonstrates strong financial health, consistent program spending, and exceptional transparency regarding executive compensation (reporting zero).
How does the organization manage its liabilities?
The organization has consistently reported zero liabilities in recent years (2019-2023), indicating excellent financial management and a strong balance sheet. Historically, liabilities have been minimal, such as $19 in 2018 and $295 in 2015.
What is the trend in the organization's assets?
Assets have shown a consistent upward trend, growing from $188,295 in 2014 to $464,786 in 2023, demonstrating financial stability and growth over time.
Does the organization spend efficiently?
Yes, the organization appears to spend very efficiently. In fiscal year 2023, expenses ($673,665) were nearly identical to revenue ($674,412), indicating that almost all incoming funds are directly utilized for its mission without significant accumulation or waste.
Who leads the organization if no officers are compensated?
The IRS 990 filings consistently report 0% officer compensation. This suggests that the leadership may be entirely volunteer-based, or compensation is provided by an affiliated entity, which is not detailed in these specific filings. Further inquiry would be needed to understand the leadership structure and compensation source fully.
Filing History
IRS 990 filing history for Henderson County Partnership Foreconomic Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Henderson County Partnership Foreconomic Development Inc's revenue has grown by 87.2%, moving from $360K to $674K. Total assets increased by 177.9% over the same period, from $167K to $465K. Total functional expenses rose by 65.8%, from $406K to $674K. In its most recent filing year (2023), Henderson County Partnership Foreconomic Development Inc reported a surplus of $747, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $674K | $465K | $0 | — | — |
| 2022 | $546K | $524K | $464K | $0 | — | View 990 |
| 2021 | $553K | $543K | $442K | $0 | — | View 990 |
| 2020 | $530K | $510K | $432K | $0 | — | — |
| 2019 | $526K | $466K | $412K | $0 | — | View 990 |
| 2018 | $547K | $502K | $352K | $19 | — | View 990 |
| 2017 | $681K | $513K | $603K | $62 | — | View 990 |
| 2016 | $639K | $433K | $434K | $0 | — | View 990 |
| 2015 | $472K | $432K | $229K | $295 | — | View 990 |
| 2014 | $409K | $423K | $188K | $171 | — | View 990 |
| 2013 | $404K | $352K | $203K | $142 | — | View 990 |
| 2012 | $425K | $429K | $163K | $126 | — | View 990 |
| 2011 | $360K | $406K | $167K | $-289 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $674K, and assets of $465K (revenue +23.6% year-over-year).
- 2022: Revenue of $546K, expenses of $524K, and assets of $464K (revenue -1.3% year-over-year).
- 2021: Revenue of $553K, expenses of $543K, and assets of $442K (revenue +4.3% year-over-year).
- 2020: Revenue of $530K, expenses of $510K, and assets of $432K (revenue +0.8% year-over-year).
- 2019: Revenue of $526K, expenses of $466K, and assets of $412K (revenue -4.0% year-over-year).
- 2018: Revenue of $547K, expenses of $502K, and assets of $352K (revenue -19.6% year-over-year).
- 2017: Revenue of $681K, expenses of $513K, and assets of $603K (revenue +6.6% year-over-year).
- 2016: Revenue of $639K, expenses of $433K, and assets of $434K (revenue +35.3% year-over-year).
- 2015: Revenue of $472K, expenses of $432K, and assets of $229K (revenue +15.6% year-over-year).
- 2014: Revenue of $409K, expenses of $423K, and assets of $188K (revenue +1.0% year-over-year).
- 2013: Revenue of $404K, expenses of $352K, and assets of $203K (revenue -4.9% year-over-year).
- 2012: Revenue of $425K, expenses of $429K, and assets of $163K (revenue +18.0% year-over-year).
- 2011: Revenue of $360K, expenses of $406K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henderson County Partnership Foreconomic Development Inc:
Data Sources and Methodology
This transparency report for Henderson County Partnership Foreconomic Development 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.