Marion Aero Club Inc
EIN: 350489677 · Marion, IN
| Metric | Value |
|---|---|
| Total Revenue | $156K |
| Total Expenses | $194K |
| Net Assets | $175K |
Is Marion Aero Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marion Aero Club Inc
Marion Aero Club Inc (EIN: 350489677) is a nonprofit organization based in Marion, IN. The organization reported total revenue of $156K and total assets of $196K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marion Aero Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marion Aero Club Inc is a small nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $194K |
| Surplus / Deficit | $-15,476 |
| Total Assets | $221K |
| Total Liabilities | $45K |
| Net Assets | $175K |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, Marion Aero Club Inc reported a deficit of $15K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marion Aero Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | -8.0% | -5.4% |
| 2022 | -3.9% | +0.9% | -19.3% |
| 2021 | +132.6% | +124.3% | -9.1% |
| 2020 | -18.8% | -21.1% | -1.3% |
| 2019 | -10.5% | -4.7% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marion Aero Club 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 Marion Aero Club 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.6%.
Frequently Asked Questions about Marion Aero Club Inc
Is Marion Aero Club Inc a legitimate charity?
Marion Aero Club Inc (EIN: 350489677) is a registered tax-exempt nonprofit based in Indiana. It has 13 years of IRS 990 filings on record. Total revenue: $156K. No red flags identified. Financial health grade: B.
How does Marion Aero Club Inc spend its money?
Marion Aero Club Inc reported $156K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Marion Aero Club Inc tax-deductible?
Marion Aero Club Inc is registered as a tax-exempt nonprofit (EIN: 350489677). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marion Aero Club Inc located?
Marion Aero Club Inc is headquartered in Marion, Indiana and files with the IRS under EIN 350489677.
How many years of IRS 990 filings does Marion Aero Club Inc have?
Marion Aero Club 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 $156K in total revenue.
Filing History
IRS 990 filing history for Marion Aero Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marion Aero Club Inc's revenue has declined by 10.9%, moving from $201K to $179K. Total assets decreased by 44.9% over the same period, from $401K to $221K. Total functional expenses fell by 6.4%, from $208K to $194K. In its most recent filing year (2023), Marion Aero Club Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $45K in liabilities against $221K in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $175K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $194K | $221K | $45K | — | — |
| 2022 | $178K | $211K | $233K | $42K | — | View 990 |
| 2021 | $186K | $209K | $289K | $65K | — | View 990 |
| 2020 | $80K | $93K | $318K | $71K | — | View 990 |
| 2019 | $98K | $118K | $322K | $62K | — | View 990 |
| 2018 | $110K | $124K | $347K | $67K | — | View 990 |
| 2017 | $183K | $225K | $370K | $71K | — | — |
| 2016 | $207K | $214K | $422K | $82K | — | View 990 |
| 2015 | $210K | $214K | $431K | $84K | — | View 990 |
| 2014 | $218K | $211K | $437K | $86K | — | View 990 |
| 2013 | $221K | $210K | $427K | $83K | — | View 990 |
| 2012 | $206K | $212K | $396K | $64K | — | View 990 |
| 2011 | $201K | $208K | $401K | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $194K, and assets of $221K (revenue +0.2% year-over-year).
- 2022: Revenue of $178K, expenses of $211K, and assets of $233K (revenue -3.9% year-over-year).
- 2021: Revenue of $186K, expenses of $209K, and assets of $289K (revenue +132.6% year-over-year).
- 2020: Revenue of $80K, expenses of $93K, and assets of $318K (revenue -18.8% year-over-year).
- 2019: Revenue of $98K, expenses of $118K, and assets of $322K (revenue -10.5% year-over-year).
- 2018: Revenue of $110K, expenses of $124K, and assets of $347K (revenue -40.0% year-over-year).
- 2017: Revenue of $183K, expenses of $225K, and assets of $370K (revenue -11.5% year-over-year).
- 2016: Revenue of $207K, expenses of $214K, and assets of $422K (revenue -1.2% year-over-year).
- 2015: Revenue of $210K, expenses of $214K, and assets of $431K (revenue -4.0% year-over-year).
- 2014: Revenue of $218K, expenses of $211K, and assets of $437K (revenue -1.3% year-over-year).
- 2013: Revenue of $221K, expenses of $210K, and assets of $427K (revenue +7.4% year-over-year).
- 2012: Revenue of $206K, expenses of $212K, and assets of $396K (revenue +2.7% year-over-year).
- 2011: Revenue of $201K, expenses of $208K, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marion Aero Club Inc:
Data Sources and Methodology
This transparency report for Marion Aero Club 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.