Port Shaw Community Development Corporation
EIN: 311567777 · Louisville, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $42K |
| Total Expenses | $12K |
| Net Assets | $-3,871 |
Is Port Shaw Community 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 Port Shaw Community Development Corporation
Port Shaw Community Development Corporation (EIN: 311567777) is a nonprofit organization based in Louisville, KY, classified under NTEE code P20. The organization reported total revenue of $42K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Shaw Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Port Shaw Community Development Corporation is a micro nonprofit that has been operating for 27 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -68.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10K |
| Total Expenses | $12K |
| Surplus / Deficit | $-1,508 |
| Total Assets | $6K |
| Total Liabilities | $10K |
| Net Assets | $-3,871 |
| Operating Margin | -14.9% |
| Debt-to-Asset Ratio | 163.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: C
In 2023, Port Shaw Community Development Corporation reported a deficit of $2K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 163.2% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Port Shaw Community Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -68.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.6% | -79.0% | -19.7% |
| 2022 | -44.8% | -49.8% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Port Shaw Community 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 Port Shaw Community 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 deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 163.2%.
Frequently Asked Questions about Port Shaw Community Development Corporation
Is Port Shaw Community Development Corporation a legitimate charity?
Port Shaw Community Development Corporation (EIN: 311567777) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $42K. No red flags identified. Financial health grade: C.
How does Port Shaw Community Development Corporation spend its money?
Port Shaw Community Development Corporation reported $42K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Port Shaw Community Development Corporation tax-deductible?
Port Shaw Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 311567777). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Port Shaw Community Development Corporation located?
Port Shaw Community Development Corporation is headquartered in Louisville, Kentucky and files with the IRS under EIN 311567777. It is classified under NTEE code P20.
How many years of IRS 990 filings does Port Shaw Community Development Corporation have?
Port Shaw Community Development Corporation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $42K in total revenue.
Filing History
IRS 990 filing history for Port Shaw Community Development Corporation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Port Shaw Community Development Corporation's revenue has declined by 89.8%, moving from $100K to $10K. Total assets decreased by 22.6% over the same period, from $8K to $6K. Total functional expenses fell by 89.5%, from $111K to $12K. In its most recent filing year (2023), Port Shaw Community Development Corporation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $10K in liabilities against $6K in assets (debt-to-asset ratio: 163.2%), resulting in net assets of $-3,871.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10K | $12K | $6K | $10K | — | — |
| 2022 | $55K | $55K | $8K | $10K | — | — |
| 2021 | $100K | $111K | $8K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10K, expenses of $12K, and assets of $6K (revenue -81.6% year-over-year).
- 2022: Revenue of $55K, expenses of $55K, and assets of $8K (revenue -44.8% year-over-year).
- 2021: Revenue of $100K, expenses of $111K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Port Shaw Community Development Corporation:
Data Sources and Methodology
This transparency report for Port Shaw Community 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.