Ottumwa Area Development Corporation
EIN: 420866300 · Ottumwa, IA
| Metric | Value |
|---|---|
| Total Revenue | $389K |
| Total Expenses | $318K |
| Net Assets | $870K |
Is Ottumwa Area 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 Ottumwa Area Development Corporation
Ottumwa Area Development Corporation (EIN: 420866300) is a nonprofit organization based in Ottumwa, IA. The organization reported total revenue of $389K and total assets of $884K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ottumwa Area Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ottumwa Area Development Corporation is a small nonprofit that has been operating for 60 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $389K |
| Total Expenses | $318K |
| Surplus / Deficit | +$71K |
| Total Assets | $884K |
| Total Liabilities | $14K |
| Net Assets | $870K |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 1.6% |
| Months of Reserves | 33.3 months |
Financial Health Grade: A
In 2019, Ottumwa Area Development Corporation reported a surplus of $71K with revenue exceeding expenses, holds 33.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2019), Ottumwa Area Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +183.1% | +21.3% | +9.5% |
| 2018 | -31.9% | +2.2% | -12.7% |
| 2017 | -18.2% | -10.3% | +0.9% |
| 2016 | -34.2% | +44.3% | -4.9% |
| 2015 | +6.9% | -16.4% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ottumwa Area 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 Ottumwa Area 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.6%.
Frequently Asked Questions about Ottumwa Area Development Corporation
Is Ottumwa Area Development Corporation a legitimate charity?
Ottumwa Area Development Corporation (EIN: 420866300) is a registered tax-exempt nonprofit based in Iowa. It has 8 years of IRS 990 filings on record. Total revenue: $389K. No red flags identified. Financial health grade: A.
How does Ottumwa Area Development Corporation spend its money?
Ottumwa Area Development Corporation reported $389K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ottumwa Area Development Corporation tax-deductible?
Ottumwa Area Development Corporation is registered as a tax-exempt nonprofit (EIN: 420866300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ottumwa Area Development Corporation located?
Ottumwa Area Development Corporation is headquartered in Ottumwa, Iowa and files with the IRS under EIN 420866300.
How many years of IRS 990 filings does Ottumwa Area Development Corporation have?
Ottumwa Area Development Corporation has 8 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 $389K in total revenue.
Filing History
IRS 990 filing history for Ottumwa Area Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Ottumwa Area Development Corporation's revenue has declined by 42.6%, moving from $678K to $389K. Total assets increased by 23.9% over the same period, from $714K to $884K. Total functional expenses rose by 66.9%, from $191K to $318K. In its most recent filing year (2019), Ottumwa Area Development Corporation reported a surplus of $71K, with revenue exceeding expenses. The organization holds $14K in liabilities against $884K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $870K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $389K | $318K | $884K | $14K | — | View 990 |
| 2018 | $137K | $262K | $808K | $25K | — | View 990 |
| 2017 | $202K | $257K | $925K | $28K | — | View 990 |
| 2016 | $247K | $286K | $917K | $10K | — | View 990 |
| 2015 | $375K | $198K | $965K | $3K | — | View 990 |
| 2014 | $350K | $237K | $787K | $355 | — | View 990 |
| 2013 | $247K | $281K | $673K | $3K | — | View 990 |
| 2012 | $678K | $191K | $714K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $389K, expenses of $318K, and assets of $884K (revenue +183.1% year-over-year).
- 2018: Revenue of $137K, expenses of $262K, and assets of $808K (revenue -31.9% year-over-year).
- 2017: Revenue of $202K, expenses of $257K, and assets of $925K (revenue -18.2% year-over-year).
- 2016: Revenue of $247K, expenses of $286K, and assets of $917K (revenue -34.2% year-over-year).
- 2015: Revenue of $375K, expenses of $198K, and assets of $965K (revenue +6.9% year-over-year).
- 2014: Revenue of $350K, expenses of $237K, and assets of $787K (revenue +42.1% year-over-year).
- 2013: Revenue of $247K, expenses of $281K, and assets of $673K (revenue -63.6% year-over-year).
- 2012: Revenue of $678K, expenses of $191K, and assets of $714K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ottumwa Area Development Corporation:
Data Sources and Methodology
This transparency report for Ottumwa Area 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.