Itc Rural Economic Development Inc
EIN: 753002561 · Clear Lake, SD · NTEE: S32
Is Itc Rural Economic Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Itc Rural Economic Development Inc
Itc Rural Economic Development Inc (EIN: 753002561) is a nonprofit organization based in Clear Lake, SD, classified under NTEE code S32. The organization reported total revenue of $39K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Itc Rural Economic Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Itc Rural Economic Development 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 Itc Rural Economic Development 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.
Frequently Asked Questions about Itc Rural Economic Development Inc
Is Itc Rural Economic Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Itc Rural Economic Development Inc (EIN: 753002561) insufficient data. 0 red flags identified, 0 strengths noted.
How does Itc Rural Economic Development Inc spend its money?
Detailed spending breakdown data is not yet available for Itc Rural Economic Development Inc. Check back for updated IRS 990 analysis.
Are donations to Itc Rural Economic Development Inc tax-deductible?
Itc Rural Economic Development Inc is registered as a tax-exempt nonprofit (EIN: 753002561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Itc Rural Economic Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Itc Rural Economic Development Inc's revenue has declined by 5.8%, moving from $38K to $36K. Total assets decreased by 7.2% over the same period, from $1.4M to $1.3M. Total functional expenses fell by 13.4%, from $12K to $11K. In its most recent filing year (2023), Itc Rural Economic Development Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $191K in liabilities against $1.3M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $11K | $1.3M | $191K | — | — |
| 2022 | $113K | $13K | $1.3M | $223K | — | View 990 |
| 2021 | $22K | $11K | $1.2M | $251K | — | — |
| 2020 | $30K | $65K | $1.2M | $280K | — | — |
| 2019 | $36K | $74K | $1.3M | $309K | — | View 990 |
| 2018 | $54K | $10K | $1.4M | $337K | — | View 990 |
| 2017 | $45K | $11K | $1.3M | $366K | — | View 990 |
| 2016 | $41K | $14K | $1.3M | $394K | — | View 990 |
| 2015 | $22K | $11K | $1.3M | $422K | — | View 990 |
| 2014 | $49K | $12K | $1.4M | $449K | — | View 990 |
| 2013 | $21K | $12K | $1.3M | $477K | — | View 990 |
| 2012 | $28K | $12K | $1.4M | $504K | — | View 990 |
| 2011 | $38K | $12K | $1.4M | $530K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $11K, and assets of $1.3M (revenue -68.2% year-over-year).
- 2022: Revenue of $113K, expenses of $13K, and assets of $1.3M (revenue +420.9% year-over-year).
- 2021: Revenue of $22K, expenses of $11K, and assets of $1.2M (revenue -27.3% year-over-year).
- 2020: Revenue of $30K, expenses of $65K, and assets of $1.2M (revenue -17.5% year-over-year).
- 2019: Revenue of $36K, expenses of $74K, and assets of $1.3M (revenue -32.5% year-over-year).
- 2018: Revenue of $54K, expenses of $10K, and assets of $1.4M (revenue +20.0% year-over-year).
- 2017: Revenue of $45K, expenses of $11K, and assets of $1.3M (revenue +9.6% year-over-year).
- 2016: Revenue of $41K, expenses of $14K, and assets of $1.3M (revenue +83.9% year-over-year).
- 2015: Revenue of $22K, expenses of $11K, and assets of $1.3M (revenue -54.9% year-over-year).
- 2014: Revenue of $49K, expenses of $12K, and assets of $1.4M (revenue +135.5% year-over-year).
- 2013: Revenue of $21K, expenses of $12K, and assets of $1.3M (revenue -24.7% year-over-year).
- 2012: Revenue of $28K, expenses of $12K, and assets of $1.4M (revenue -27.5% year-over-year).
- 2011: Revenue of $38K, expenses of $12K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Itc Rural Economic 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.