New Hampton Industrial Development Corporation
EIN: 420982072 · New Hampton, IA
| Metric | Value |
|---|---|
| Total Revenue | $82K |
| Total Expenses | $56K |
| Net Assets | $891K |
Is New Hampton Industrial Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hampton Industrial Development Corporation
New Hampton Industrial Development Corporation (EIN: 420982072) is a nonprofit organization based in New Hampton, IA. The organization reported total revenue of $82K and total assets of $958K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampton Industrial Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampton Industrial Development Corporation is a micro nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $86K |
| Total Expenses | $56K |
| Surplus / Deficit | +$30K |
| Total Assets | $891K |
| Net Assets | $891K |
| Operating Margin | 34.8% |
| Months of Reserves | 190.3 months |
Financial Health Grade: A
In 2023, New Hampton Industrial Development Corporation reported a surplus of $30K with revenue exceeding expenses, holds 190.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Hampton Industrial Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.4% | +23.1% | +3.5% |
| 2022 | -55.3% | +30.0% | +1.6% |
| 2021 | +166.9% | +123.1% | -8.6% |
| 2020 | +8.0% | -61.2% | +3.8% |
| 2019 | +11.0% | +128.9% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hampton Industrial Development Corporation 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 New Hampton Industrial Development Corporation 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 $30K, with revenue exceeding expenses.
Frequently Asked Questions about New Hampton Industrial Development Corporation
Is New Hampton Industrial Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampton Industrial Development Corporation (EIN: 420982072) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hampton Industrial Development Corporation spend its money?
Detailed spending breakdown data is not yet available for New Hampton Industrial Development Corporation. Check back for updated IRS 990 analysis.
Are donations to New Hampton Industrial Development Corporation tax-deductible?
New Hampton Industrial Development Corporation is registered as a tax-exempt nonprofit (EIN: 420982072). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hampton Industrial Development Corporation located?
New Hampton Industrial Development Corporation is headquartered in New Hampton, Iowa and files with the IRS under EIN 420982072.
How many years of IRS 990 filings does New Hampton Industrial Development Corporation have?
New Hampton Industrial 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 $82K in total revenue.
Filing History
IRS 990 filing history for New Hampton Industrial Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampton Industrial Development Corporation's revenue has grown by 212.9%, moving from $28K to $86K. Total assets increased by 31.3% over the same period, from $679K to $891K. Total functional expenses rose by 388%, from $12K to $56K. In its most recent filing year (2023), New Hampton Industrial Development Corporation reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $86K | $56K | $891K | $0 | — | — |
| 2022 | $59K | $46K | $861K | $0 | — | — |
| 2021 | $133K | $35K | $847K | $0 | — | — |
| 2020 | $50K | $16K | $927K | $177K | — | — |
| 2019 | $46K | $41K | $893K | $177K | — | View 990 |
| 2018 | $41K | $18K | $887K | $177K | — | View 990 |
| 2017 | $46K | $15K | $863K | $177K | — | View 990 |
| 2016 | $48K | $66K | $832K | $177K | — | View 990 |
| 2015 | $51K | $9K | $849K | $177K | — | View 990 |
| 2014 | $52K | $7K | $806K | $177K | — | View 990 |
| 2013 | $53K | $15K | $761K | $177K | — | View 990 |
| 2012 | $74K | $11K | $730K | $177K | — | View 990 |
| 2011 | $28K | $12K | $679K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $86K, expenses of $56K, and assets of $891K (revenue +45.4% year-over-year).
- 2022: Revenue of $59K, expenses of $46K, and assets of $861K (revenue -55.3% year-over-year).
- 2021: Revenue of $133K, expenses of $35K, and assets of $847K (revenue +166.9% year-over-year).
- 2020: Revenue of $50K, expenses of $16K, and assets of $927K (revenue +8.0% year-over-year).
- 2019: Revenue of $46K, expenses of $41K, and assets of $893K (revenue +11.0% year-over-year).
- 2018: Revenue of $41K, expenses of $18K, and assets of $887K (revenue -10.6% year-over-year).
- 2017: Revenue of $46K, expenses of $15K, and assets of $863K (revenue -4.4% year-over-year).
- 2016: Revenue of $48K, expenses of $66K, and assets of $832K (revenue -5.7% year-over-year).
- 2015: Revenue of $51K, expenses of $9K, and assets of $849K (revenue -2.0% year-over-year).
- 2014: Revenue of $52K, expenses of $7K, and assets of $806K (revenue -0.7% year-over-year).
- 2013: Revenue of $53K, expenses of $15K, and assets of $761K (revenue -28.3% year-over-year).
- 2012: Revenue of $74K, expenses of $11K, and assets of $730K (revenue +167.6% year-over-year).
- 2011: Revenue of $28K, expenses of $12K, and assets of $679K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampton Industrial Development Corporation:
Data Sources and Methodology
This transparency report for New Hampton Industrial 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.