Pierre Economic Development
EIN: 460371993 · Pierre, SD
| Metric | Value |
|---|---|
| Total Revenue | $808K |
| Total Expenses | $285K |
| Net Assets | $1.2M |
Is Pierre Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pierre Economic Development
Pierre Economic Development (EIN: 460371993) is a nonprofit organization based in Pierre, SD. The organization reported total revenue of $808K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pierre Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pierre Economic Development is a small nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $285K |
| Surplus / Deficit | +$37K |
| Total Assets | $1.4M |
| Total Liabilities | $141K |
| Net Assets | $1.2M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 57.8 months |
Financial Health Grade: A
In 2023, Pierre Economic Development reported a surplus of $37K with revenue exceeding expenses, holds 57.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pierre Economic Development's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | -2.9% | -35.5% |
| 2022 | +22.5% | +21.7% | -3.4% |
| 2021 | -25.0% | -7.0% | -2.9% |
| 2020 | +0.3% | +8.7% | -0.6% |
| 2019 | -27.3% | -9.7% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pierre Economic Development 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 Pierre Economic Development 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Frequently Asked Questions about Pierre Economic Development
Is Pierre Economic Development a legitimate charity?
Pierre Economic Development (EIN: 460371993) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $808K. No red flags identified. Financial health grade: A.
How does Pierre Economic Development spend its money?
Pierre Economic Development reported $808K 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 Pierre Economic Development tax-deductible?
Pierre Economic Development is registered as a tax-exempt nonprofit (EIN: 460371993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pierre Economic Development located?
Pierre Economic Development is headquartered in Pierre, South Dakota and files with the IRS under EIN 460371993.
How many years of IRS 990 filings does Pierre Economic Development have?
Pierre Economic Development 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 $808K in total revenue.
Filing History
IRS 990 filing history for Pierre Economic Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pierre Economic Development's revenue has declined by 57.2%, moving from $755K to $323K. Total assets decreased by 75.8% over the same period, from $5.7M to $1.4M. Total functional expenses fell by 54.6%, from $628K to $285K. In its most recent filing year (2023), Pierre Economic Development reported a surplus of $37K, with revenue exceeding expenses. The organization holds $141K in liabilities against $1.4M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $323K | $285K | $1.4M | $141K | — | — |
| 2022 | $303K | $294K | $2.1M | $939K | — | View 990 |
| 2021 | $248K | $242K | $2.2M | $896K | — | View 990 |
| 2020 | $331K | $260K | $2.3M | $1.1M | — | — |
| 2019 | $330K | $239K | $2.3M | $1.1M | — | — |
| 2018 | $454K | $264K | $2.5M | $1.4M | — | View 990 |
| 2017 | $437K | $1.6M | $2.3M | $1.4M | — | — |
| 2016 | $792K | $628K | $6.7M | $4.7M | — | View 990 |
| 2015 | $757K | $635K | $6.6M | $4.7M | — | View 990 |
| 2014 | $783K | $637K | $6.1M | $4.4M | — | View 990 |
| 2013 | $798K | $684K | $6.3M | $4.7M | — | View 990 |
| 2012 | $744K | $632K | $5.6M | $4.2M | — | View 990 |
| 2011 | $755K | $628K | $5.7M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $323K, expenses of $285K, and assets of $1.4M (revenue +6.3% year-over-year).
- 2022: Revenue of $303K, expenses of $294K, and assets of $2.1M (revenue +22.5% year-over-year).
- 2021: Revenue of $248K, expenses of $242K, and assets of $2.2M (revenue -25.0% year-over-year).
- 2020: Revenue of $331K, expenses of $260K, and assets of $2.3M (revenue +0.3% year-over-year).
- 2019: Revenue of $330K, expenses of $239K, and assets of $2.3M (revenue -27.3% year-over-year).
- 2018: Revenue of $454K, expenses of $264K, and assets of $2.5M (revenue +3.7% year-over-year).
- 2017: Revenue of $437K, expenses of $1.6M, and assets of $2.3M (revenue -44.8% year-over-year).
- 2016: Revenue of $792K, expenses of $628K, and assets of $6.7M (revenue +4.6% year-over-year).
- 2015: Revenue of $757K, expenses of $635K, and assets of $6.6M (revenue -3.3% year-over-year).
- 2014: Revenue of $783K, expenses of $637K, and assets of $6.1M (revenue -1.9% year-over-year).
- 2013: Revenue of $798K, expenses of $684K, and assets of $6.3M (revenue +7.2% year-over-year).
- 2012: Revenue of $744K, expenses of $632K, and assets of $5.6M (revenue -1.4% year-over-year).
- 2011: Revenue of $755K, expenses of $628K, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pierre Economic Development:
Data Sources and Methodology
This transparency report for Pierre Economic Development 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.