May Port Economic Development Corp
EIN: 450405754 · Portland, ND
| Metric | Value |
|---|---|
| Total Revenue | $92K |
| Total Expenses | $77K |
| Net Assets | $247K |
Is May Port Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About May Port Economic Development Corp
May Port Economic Development Corp (EIN: 450405754) is a nonprofit organization based in Portland, ND. The organization reported total revenue of $92K and total assets of $308K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of May Port Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
May Port Economic Development Corp is a micro nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $77K |
| Surplus / Deficit | +$14K |
| Total Assets | $247K |
| Net Assets | $247K |
| Operating Margin | 15.4% |
| Months of Reserves | 38.5 months |
Financial Health Grade: A
In 2023, May Port Economic Development Corp reported a surplus of $14K with revenue exceeding expenses, holds 38.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), May Port Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +40.1% | +10.7% |
| 2022 | +34.7% | +11.9% | +33.6% |
| 2021 | +6.5% | -44.8% | +8.7% |
| 2020 | -3.4% | +119.6% | -10.8% |
| 2019 | +37.2% | -69.5% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for May Port Economic Development Corp 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 May Port Economic Development Corp 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 $14K, with revenue exceeding expenses.
Frequently Asked Questions about May Port Economic Development Corp
Is May Port Economic Development Corp a legitimate charity?
May Port Economic Development Corp (EIN: 450405754) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $92K. No red flags identified. Financial health grade: A.
How does May Port Economic Development Corp spend its money?
May Port Economic Development Corp reported $92K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to May Port Economic Development Corp tax-deductible?
May Port Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 450405754). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is May Port Economic Development Corp located?
May Port Economic Development Corp is headquartered in Portland, North Dakota and files with the IRS under EIN 450405754.
How many years of IRS 990 filings does May Port Economic Development Corp have?
May Port Economic Development Corp 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 $92K in total revenue.
Filing History
IRS 990 filing history for May Port Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), May Port Economic Development Corp's revenue has grown by 42%, moving from $64K to $91K. Total assets increased by 28.1% over the same period, from $193K to $247K. Total functional expenses fell by 43.3%, from $136K to $77K. In its most recent filing year (2023), May Port Economic Development Corp reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $77K | $247K | $0 | — | — |
| 2022 | $101K | $55K | $223K | $0 | — | View 990 |
| 2021 | $75K | $49K | $167K | $0 | — | View 990 |
| 2020 | $70K | $89K | $154K | $0 | — | View 990 |
| 2019 | $73K | $41K | $172K | $0 | — | View 990 |
| 2018 | $53K | $133K | $140K | $0 | — | View 990 |
| 2017 | $47K | $78K | $219K | $0 | — | View 990 |
| 2016 | $70K | $40K | $251K | $0 | — | View 990 |
| 2015 | $66K | $35K | $138K | $0 | — | View 990 |
| 2014 | $68K | $72K | $107K | $0 | — | View 990 |
| 2013 | $92K | $37K | $112K | $0 | — | View 990 |
| 2012 | $66K | $203K | $56K | $0 | — | View 990 |
| 2011 | $64K | $136K | $193K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $77K, and assets of $247K (revenue -9.9% year-over-year).
- 2022: Revenue of $101K, expenses of $55K, and assets of $223K (revenue +34.7% year-over-year).
- 2021: Revenue of $75K, expenses of $49K, and assets of $167K (revenue +6.5% year-over-year).
- 2020: Revenue of $70K, expenses of $89K, and assets of $154K (revenue -3.4% year-over-year).
- 2019: Revenue of $73K, expenses of $41K, and assets of $172K (revenue +37.2% year-over-year).
- 2018: Revenue of $53K, expenses of $133K, and assets of $140K (revenue +13.7% year-over-year).
- 2017: Revenue of $47K, expenses of $78K, and assets of $219K (revenue -33.5% year-over-year).
- 2016: Revenue of $70K, expenses of $40K, and assets of $251K (revenue +7.0% year-over-year).
- 2015: Revenue of $66K, expenses of $35K, and assets of $138K (revenue -3.1% year-over-year).
- 2014: Revenue of $68K, expenses of $72K, and assets of $107K (revenue -26.6% year-over-year).
- 2013: Revenue of $92K, expenses of $37K, and assets of $112K (revenue +39.3% year-over-year).
- 2012: Revenue of $66K, expenses of $203K, and assets of $56K (revenue +3.2% year-over-year).
- 2011: Revenue of $64K, expenses of $136K, and assets of $193K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for May Port Economic Development Corp:
Data Sources and Methodology
This transparency report for May Port Economic Development Corp 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.