Jackson Economic Development Corporation
Jackson Economic Development Corporation consistently maintains strong assets and low expenses with no reported officer compensation.
EIN: 113690424 · Jackson, MN · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $736K |
| Total Expenses | $189K |
| Program Spending | 85% |
| Net Assets | $5.9M |
| Transparency Score | 90/100 |
Is Jackson Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jackson Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jackson Economic Development Corporation
Jackson Economic Development Corporation (EIN: 113690424) is a nonprofit organization based in Jackson, MN, classified under NTEE code S31. The organization reported total revenue of $736K and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jackson Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jackson Economic Development Corporation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $189K |
| Surplus / Deficit | +$212K |
| Total Assets | $6.8M |
| Total Liabilities | $839K |
| Net Assets | $5.9M |
| Operating Margin | 52.8% |
| Debt-to-Asset Ratio | 12.4% |
| Months of Reserves | 430.3 months |
Financial Health Grade: A
In 2023, Jackson Economic Development Corporation reported a surplus of $212K with revenue exceeding expenses, holds 430.3 months of operating reserves (strong position), has a debt-to-asset ratio of 12.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jackson Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.0% | +6.2% | +3.2% |
| 2022 | +132.7% | +16.8% | -13.4% |
| 2021 | +79.3% | -24.7% | +15.3% |
| 2020 | -61.4% | -12.2% | -11.8% |
| 2019 | -30.8% | +6.2% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Jackson Economic Development Corporation with a Mission Score of 90 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Jackson Economic Development Corporation allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $212K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Jackson Economic Development Corporation's IRS 990 filings:
- Fluctuating revenue year-to-year, though consistently exceeding expenses.
Strengths
The following positive indicators were identified for Jackson Economic Development Corporation:
- Consistent asset growth, reaching over $7 million.
- Very low expense ratio relative to revenue, indicating high efficiency.
- 0% officer compensation reported across all filings, enhancing transparency and mission focus.
- Consistent financial surpluses, contributing to strong financial health.
- Healthy asset-to-liability ratio, indicating strong financial stability.
Frequently Asked Questions about Jackson Economic Development Corporation
Is Jackson Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jackson Economic Development Corporation (EIN: 113690424) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Jackson Economic Development Corporation spend its money?
Jackson Economic Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jackson Economic Development Corporation tax-deductible?
Jackson Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 113690424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jackson Economic Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Jackson Economic Development Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jackson Economic Development Corporation located?
Jackson Economic Development Corporation is headquartered in Jackson, Minnesota and files with the IRS under EIN 113690424. It is classified under NTEE code S31.
How many years of IRS 990 filings does Jackson Economic Development Corporation have?
Jackson Economic Development Corporation 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 $736K in total revenue.
Is Jackson Economic Development Corporation a good charity?
Based on the provided financial data, Jackson Economic Development Corporation appears to be a very good charity. It consistently maintains strong assets, operates with significant surpluses, and reports 0% officer compensation, indicating efficient use of funds and a strong commitment to its mission.
How does Jackson Economic Development Corporation manage its expenses?
The organization manages its expenses very efficiently. For instance, in 2023, expenses were $188,939 against revenues of $400,464, demonstrating that expenses are kept well below revenue, leading to consistent surpluses and asset growth.
What is the trend in the organization's assets?
The organization's assets have shown a general upward trend over the past decade, growing from $5,963,430 in 2014 to $7,192,801 in the latest period, indicating strong financial growth and stability.
Does Jackson Economic Development Corporation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation for all available periods, suggesting that officers are not compensated or are compensated through non-reportable means.
Filing History
IRS 990 filing history for Jackson Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jackson Economic Development Corporation's revenue has grown by 46%, moving from $274K to $400K. Total assets increased by 162% over the same period, from $2.6M to $6.8M. Total functional expenses rose by 98.5%, from $95K to $189K. In its most recent filing year (2023), Jackson Economic Development Corporation reported a surplus of $212K, with revenue exceeding expenses. The organization holds $839K in liabilities against $6.8M in assets (debt-to-asset ratio: 12.4%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $189K | $6.8M | $839K | — | — |
| 2022 | $755K | $178K | $6.6M | $839K | — | View 990 |
| 2021 | $324K | $152K | $7.6M | $2.4M | — | View 990 |
| 2020 | $181K | $202K | $6.6M | $1.6M | — | — |
| 2019 | $469K | $230K | $7.5M | $2.5M | — | View 990 |
| 2018 | $678K | $217K | $7.9M | $3.2M | — | View 990 |
| 2017 | $513K | $159K | $6.9M | $2.6M | — | View 990 |
| 2016 | $557K | $154K | $5.8M | $1.8M | — | View 990 |
| 2015 | $518K | $172K | $5.7M | $2.2M | — | View 990 |
| 2014 | $793K | $220K | $6.0M | $2.8M | — | View 990 |
| 2013 | $469K | $169K | $5.9M | $3.3M | — | View 990 |
| 2012 | $544K | $118K | $4.3M | $1.9M | — | View 990 |
| 2011 | $274K | $95K | $2.6M | $692K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $189K, and assets of $6.8M (revenue -47.0% year-over-year).
- 2022: Revenue of $755K, expenses of $178K, and assets of $6.6M (revenue +132.7% year-over-year).
- 2021: Revenue of $324K, expenses of $152K, and assets of $7.6M (revenue +79.3% year-over-year).
- 2020: Revenue of $181K, expenses of $202K, and assets of $6.6M (revenue -61.4% year-over-year).
- 2019: Revenue of $469K, expenses of $230K, and assets of $7.5M (revenue -30.8% year-over-year).
- 2018: Revenue of $678K, expenses of $217K, and assets of $7.9M (revenue +32.2% year-over-year).
- 2017: Revenue of $513K, expenses of $159K, and assets of $6.9M (revenue -7.9% year-over-year).
- 2016: Revenue of $557K, expenses of $154K, and assets of $5.8M (revenue +7.5% year-over-year).
- 2015: Revenue of $518K, expenses of $172K, and assets of $5.7M (revenue -34.6% year-over-year).
- 2014: Revenue of $793K, expenses of $220K, and assets of $6.0M (revenue +69.2% year-over-year).
- 2013: Revenue of $469K, expenses of $169K, and assets of $5.9M (revenue -13.8% year-over-year).
- 2012: Revenue of $544K, expenses of $118K, and assets of $4.3M (revenue +98.4% year-over-year).
- 2011: Revenue of $274K, expenses of $95K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jackson Economic Development Corporation:
Data Sources and Methodology
This transparency report for Jackson Economic Development Corporation 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.