Palo Alto County Economic Development Corp
EIN: 371524573 · Algona, IA · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $180K |
| Total Expenses | $175K |
| Net Assets | $410K |
Is Palo Alto County 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 Palo Alto County Economic Development Corp
Palo Alto County Economic Development Corp (EIN: 371524573) is a nonprofit organization based in Algona, IA, classified under NTEE code S20. The organization reported total revenue of $180K and total assets of $423K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palo Alto County Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palo Alto County Economic Development Corp is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $190K |
| Total Expenses | $175K |
| Surplus / Deficit | +$16K |
| Total Assets | $410K |
| Net Assets | $410K |
| Operating Margin | 8.3% |
| Months of Reserves | 28.2 months |
Financial Health Grade: A
In 2024, Palo Alto County Economic Development Corp reported a surplus of $16K with revenue exceeding expenses, holds 28.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Palo Alto County Economic Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.0% | -3.1% | +4.0% |
| 2023 | +2.8% | +7.7% | +3.8% |
| 2022 | -16.1% | +1.5% | +6.1% |
| 2021 | +16.4% | -10.5% | +17.0% |
| 2020 | -1.6% | +8.6% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palo Alto County 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 Palo Alto County 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
Frequently Asked Questions about Palo Alto County Economic Development Corp
Is Palo Alto County Economic Development Corp a legitimate charity?
Palo Alto County Economic Development Corp (EIN: 371524573) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $180K. No red flags identified. Financial health grade: A.
How does Palo Alto County Economic Development Corp spend its money?
Palo Alto County Economic Development Corp reported $180K 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 Palo Alto County Economic Development Corp tax-deductible?
Palo Alto County Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 371524573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palo Alto County Economic Development Corp located?
Palo Alto County Economic Development Corp is headquartered in Algona, Iowa and files with the IRS under EIN 371524573. It is classified under NTEE code S20.
How many years of IRS 990 filings does Palo Alto County Economic Development Corp have?
Palo Alto County 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 $180K in total revenue.
Filing History
IRS 990 filing history for Palo Alto County Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Palo Alto County Economic Development Corp's revenue has declined by 8.2%, moving from $207K to $190K. Total assets increased by 16.5% over the same period, from $352K to $410K. Total functional expenses rose by 9.7%, from $159K to $175K. In its most recent filing year (2024), Palo Alto County Economic Development Corp reported a surplus of $16K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $190K | $175K | $410K | $0 | — | — |
| 2023 | $194K | $180K | $395K | $0 | — | — |
| 2022 | $189K | $167K | $380K | $0 | — | View 990 |
| 2021 | $225K | $165K | $358K | $0 | — | — |
| 2020 | $194K | $184K | $306K | $9K | — | View 990 |
| 2019 | $197K | $170K | $288K | $0 | — | View 990 |
| 2018 | $135K | $187K | $261K | $0 | — | View 990 |
| 2017 | $136K | $190K | $314K | $0 | — | View 990 |
| 2016 | $144K | $191K | $368K | $0 | — | View 990 |
| 2015 | $159K | $190K | $415K | $0 | — | View 990 |
| 2014 | $244K | $172K | $446K | $0 | — | View 990 |
| 2013 | $222K | $200K | $374K | $0 | — | View 990 |
| 2012 | $207K | $159K | $352K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $190K, expenses of $175K, and assets of $410K (revenue -2.0% year-over-year).
- 2023: Revenue of $194K, expenses of $180K, and assets of $395K (revenue +2.8% year-over-year).
- 2022: Revenue of $189K, expenses of $167K, and assets of $380K (revenue -16.1% year-over-year).
- 2021: Revenue of $225K, expenses of $165K, and assets of $358K (revenue +16.4% year-over-year).
- 2020: Revenue of $194K, expenses of $184K, and assets of $306K (revenue -1.6% year-over-year).
- 2019: Revenue of $197K, expenses of $170K, and assets of $288K (revenue +46.4% year-over-year).
- 2018: Revenue of $135K, expenses of $187K, and assets of $261K (revenue -1.1% year-over-year).
- 2017: Revenue of $136K, expenses of $190K, and assets of $314K (revenue -5.3% year-over-year).
- 2016: Revenue of $144K, expenses of $191K, and assets of $368K (revenue -9.5% year-over-year).
- 2015: Revenue of $159K, expenses of $190K, and assets of $415K (revenue -34.9% year-over-year).
- 2014: Revenue of $244K, expenses of $172K, and assets of $446K (revenue +10.1% year-over-year).
- 2013: Revenue of $222K, expenses of $200K, and assets of $374K (revenue +6.8% year-over-year).
- 2012: Revenue of $207K, expenses of $159K, and assets of $352K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palo Alto County Economic Development Corp:
Data Sources and Methodology
This transparency report for Palo Alto County 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.