Midwest Internet Cooperative Exchange Llc
EIN: 273681095 · Minneapolis, MN · NTEE: W50
| Metric | Value |
|---|---|
| Total Revenue | $307K |
| Total Expenses | $28K |
| Net Assets | $728K |
Is Midwest Internet Cooperative Exchange Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Internet Cooperative Exchange Llc
Midwest Internet Cooperative Exchange Llc (EIN: 273681095) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code W50. The organization reported total revenue of $307K and total assets of $966K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Internet Cooperative Exchange Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Internet Cooperative Exchange Llc is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 36.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $246K |
| Total Expenses | $28K |
| Surplus / Deficit | +$218K |
| Total Assets | $728K |
| Net Assets | $728K |
| Operating Margin | 88.7% |
| Months of Reserves | 313.7 months |
Financial Health Grade: A
In 2023, Midwest Internet Cooperative Exchange Llc reported a surplus of $218K with revenue exceeding expenses, holds 313.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Midwest Internet Cooperative Exchange Llc's revenue has grown at a compound annual growth rate (CAGR) of 36.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | -30.9% | +52.7% |
| 2022 | +38.4% | -61.7% | +48.7% |
| 2021 | +33.9% | +131.8% | +13.0% |
| 2020 | +50.7% | -38.0% | +28.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Internet Cooperative Exchange Llc 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 Midwest Internet Cooperative Exchange Llc 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 $218K, with revenue exceeding expenses.
Frequently Asked Questions about Midwest Internet Cooperative Exchange Llc
Is Midwest Internet Cooperative Exchange Llc a legitimate charity?
Midwest Internet Cooperative Exchange Llc (EIN: 273681095) is a registered tax-exempt nonprofit based in Minnesota. It has 5 years of IRS 990 filings on record. Total revenue: $307K. No red flags identified. Financial health grade: A.
How does Midwest Internet Cooperative Exchange Llc spend its money?
Midwest Internet Cooperative Exchange Llc reported $307K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midwest Internet Cooperative Exchange Llc tax-deductible?
Midwest Internet Cooperative Exchange Llc is registered as a tax-exempt nonprofit (EIN: 273681095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Internet Cooperative Exchange Llc located?
Midwest Internet Cooperative Exchange Llc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 273681095. It is classified under NTEE code W50.
How many years of IRS 990 filings does Midwest Internet Cooperative Exchange Llc have?
Midwest Internet Cooperative Exchange Llc has 5 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 $307K in total revenue.
Filing History
IRS 990 filing history for Midwest Internet Cooperative Exchange Llc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Midwest Internet Cooperative Exchange Llc's revenue has grown by 249.2%, moving from $70K to $246K. Total assets increased by 229.8% over the same period, from $221K to $728K. Total functional expenses fell by 62%, from $73K to $28K. In its most recent filing year (2023), Midwest Internet Cooperative Exchange Llc reported a surplus of $218K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $28K | $728K | $0 | — | View 990 |
| 2022 | $197K | $40K | $477K | $0 | — | View 990 |
| 2021 | $142K | $105K | $321K | $0 | — | View 990 |
| 2020 | $106K | $45K | $284K | $0 | — | View 990 |
| 2019 | $70K | $73K | $221K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $28K, and assets of $728K (revenue +25.1% year-over-year).
- 2022: Revenue of $197K, expenses of $40K, and assets of $477K (revenue +38.4% year-over-year).
- 2021: Revenue of $142K, expenses of $105K, and assets of $321K (revenue +33.9% year-over-year).
- 2020: Revenue of $106K, expenses of $45K, and assets of $284K (revenue +50.7% year-over-year).
- 2019: Revenue of $70K, expenses of $73K, and assets of $221K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Internet Cooperative Exchange Llc:
Data Sources and Methodology
This transparency report for Midwest Internet Cooperative Exchange Llc 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.