Polk City Development Corporation
EIN: 421439040 · Polk City, IA · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $245K |
| Total Expenses | $177K |
| Net Assets | $136K |
Is Polk City 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 Polk City Development Corporation
Polk City Development Corporation (EIN: 421439040) is a nonprofit organization based in Polk City, IA, classified under NTEE code S41. The organization reported total revenue of $245K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Polk City Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Polk City Development Corporation is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $193K |
| Total Expenses | $177K |
| Surplus / Deficit | +$16K |
| Total Assets | $138K |
| Total Liabilities | $2K |
| Net Assets | $136K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Polk City Development Corporation reported a surplus of $16K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Polk City Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +220.6% | +41.1% | +13.0% |
| 2022 | -74.6% | -4.6% | -27.3% |
| 2021 | +290.1% | +24.4% | +166.8% |
| 2020 | -78.1% | -48.3% | -40.9% |
| 2019 | +41.2% | +17.2% | +219.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Polk City 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 Polk City 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 $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Polk City Development Corporation
Is Polk City Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Polk City Development Corporation (EIN: 421439040) insufficient data. 0 red flags identified, 0 strengths noted.
How does Polk City Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Polk City Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Polk City Development Corporation tax-deductible?
Polk City Development Corporation is registered as a tax-exempt nonprofit (EIN: 421439040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Polk City Development Corporation located?
Polk City Development Corporation is headquartered in Polk City, Iowa and files with the IRS under EIN 421439040. It is classified under NTEE code S41.
How many years of IRS 990 filings does Polk City Development Corporation have?
Polk City 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 $245K in total revenue.
Filing History
IRS 990 filing history for Polk City Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Polk City Development Corporation's revenue has grown by 58.8%, moving from $122K to $193K. Total assets increased by 14875.8% over the same period, from $923 to $138K. Total functional expenses rose by 43.2%, from $124K to $177K. In its most recent filing year (2023), Polk City Development Corporation reported a surplus of $16K, with revenue exceeding expenses. The organization holds $2K in liabilities against $138K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $193K | $177K | $138K | $2K | — | — |
| 2022 | $60K | $126K | $122K | $3K | — | — |
| 2021 | $238K | $132K | $168K | $2K | — | View 990 |
| 2020 | $61K | $106K | $63K | $2K | — | View 990 |
| 2019 | $279K | $205K | $107K | $828 | — | View 990 |
| 2018 | $197K | $175K | $33K | $1K | — | View 990 |
| 2017 | $161K | $164K | $10K | $0 | — | View 990 |
| 2016 | $82K | $131K | $14K | $0 | — | View 990 |
| 2015 | $118K | $114K | $63K | $0 | — | View 990 |
| 2014 | $124K | $110K | $59K | $0 | — | View 990 |
| 2013 | $163K | $118K | $46K | $0 | — | View 990 |
| 2012 | $120K | $120K | $868 | $0 | — | View 990 |
| 2011 | $122K | $124K | $923 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $193K, expenses of $177K, and assets of $138K (revenue +220.6% year-over-year).
- 2022: Revenue of $60K, expenses of $126K, and assets of $122K (revenue -74.6% year-over-year).
- 2021: Revenue of $238K, expenses of $132K, and assets of $168K (revenue +290.1% year-over-year).
- 2020: Revenue of $61K, expenses of $106K, and assets of $63K (revenue -78.1% year-over-year).
- 2019: Revenue of $279K, expenses of $205K, and assets of $107K (revenue +41.2% year-over-year).
- 2018: Revenue of $197K, expenses of $175K, and assets of $33K (revenue +22.8% year-over-year).
- 2017: Revenue of $161K, expenses of $164K, and assets of $10K (revenue +95.4% year-over-year).
- 2016: Revenue of $82K, expenses of $131K, and assets of $14K (revenue -30.1% year-over-year).
- 2015: Revenue of $118K, expenses of $114K, and assets of $63K (revenue -5.0% year-over-year).
- 2014: Revenue of $124K, expenses of $110K, and assets of $59K (revenue -24.2% year-over-year).
- 2013: Revenue of $163K, expenses of $118K, and assets of $46K (revenue +35.6% year-over-year).
- 2012: Revenue of $120K, expenses of $120K, and assets of $868 (revenue -1.2% year-over-year).
- 2011: Revenue of $122K, expenses of $124K, and assets of $923.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Polk City Development Corporation:
Data Sources and Methodology
This transparency report for Polk City 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.