Mcminnville Economic Development Partnership
EIN: 823460861 · Mcminnville, OR · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $704K |
| Net Assets | $243K |
Is Mcminnville Economic Development Partnership Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mcminnville Economic Development Partnership
Mcminnville Economic Development Partnership (EIN: 823460861) is a nonprofit organization based in Mcminnville, OR, classified under NTEE code S41. The organization reported total revenue of $513K and total assets of $283K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcminnville Economic Development Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcminnville Economic Development Partnership is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $661K |
| Total Expenses | $704K |
| Surplus / Deficit | $-43,859 |
| Total Assets | $257K |
| Total Liabilities | $14K |
| Net Assets | $243K |
| Operating Margin | -6.6% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Mcminnville Economic Development Partnership reported a deficit of $44K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Mcminnville Economic Development Partnership's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +123.6% | +188.0% | -9.2% |
| 2022 | -7.0% | +2.6% | +17.1% |
| 2021 | +31.1% | -9.0% | +52.7% |
| 2020 | -25.4% | -16.2% | -10.3% |
| 2019 | -16.9% | +33.2% | -44.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mcminnville Economic Development Partnership 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 Mcminnville Economic Development Partnership 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
Frequently Asked Questions about Mcminnville Economic Development Partnership
Is Mcminnville Economic Development Partnership a legitimate charity?
Mcminnville Economic Development Partnership (EIN: 823460861) is a registered tax-exempt nonprofit based in Oregon. It has 6 years of IRS 990 filings on record. Total revenue: $513K. No red flags identified. Financial health grade: B.
How does Mcminnville Economic Development Partnership spend its money?
Mcminnville Economic Development Partnership reported $513K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mcminnville Economic Development Partnership tax-deductible?
Mcminnville Economic Development Partnership is registered as a tax-exempt nonprofit (EIN: 823460861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mcminnville Economic Development Partnership located?
Mcminnville Economic Development Partnership is headquartered in Mcminnville, Oregon and files with the IRS under EIN 823460861. It is classified under NTEE code S41.
How many years of IRS 990 filings does Mcminnville Economic Development Partnership have?
Mcminnville Economic Development Partnership has 6 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 $513K in total revenue.
Filing History
IRS 990 filing history for Mcminnville Economic Development Partnership showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Mcminnville Economic Development Partnership's revenue has grown by 68.9%, moving from $391K to $661K. Total assets decreased by 19.4% over the same period, from $319K to $257K. Total functional expenses rose by 200.1%, from $235K to $704K. In its most recent filing year (2023), Mcminnville Economic Development Partnership reported a deficit of $44K, with expenses exceeding revenue. The organization holds $14K in liabilities against $257K in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $661K | $704K | $257K | $14K | — | — |
| 2022 | $295K | $245K | $283K | $1K | — | View 990 |
| 2021 | $318K | $239K | $242K | $5K | — | View 990 |
| 2020 | $242K | $262K | $158K | $4K | — | — |
| 2019 | $325K | $313K | $177K | $5K | — | View 990 |
| 2018 | $391K | $235K | $319K | $161K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $661K, expenses of $704K, and assets of $257K (revenue +123.6% year-over-year).
- 2022: Revenue of $295K, expenses of $245K, and assets of $283K (revenue -7.0% year-over-year).
- 2021: Revenue of $318K, expenses of $239K, and assets of $242K (revenue +31.1% year-over-year).
- 2020: Revenue of $242K, expenses of $262K, and assets of $158K (revenue -25.4% year-over-year).
- 2019: Revenue of $325K, expenses of $313K, and assets of $177K (revenue -16.9% year-over-year).
- 2018: Revenue of $391K, expenses of $235K, and assets of $319K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcminnville Economic Development Partnership:
Data Sources and Methodology
This transparency report for Mcminnville Economic Development Partnership 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.