R Clay Simmons Foundation For Community And Economic Development
EIN: 640926967 · Starkville, MS · NTEE: S03
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $3K |
| Net Assets | $13K |
Is R Clay Simmons Foundation For Community And 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 R Clay Simmons Foundation For Community And Economic Development
R Clay Simmons Foundation For Community And Economic Development (EIN: 640926967) is a nonprofit organization based in Starkville, MS, classified under NTEE code S03. The organization reported total revenue of $1 and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R Clay Simmons Foundation For Community And Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R Clay Simmons Foundation For Community And Economic Development is a micro nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 64.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51 |
| Total Expenses | $3K |
| Surplus / Deficit | $-2,734 |
| Total Assets | $13K |
| Total Liabilities | $1 |
| Net Assets | $13K |
| Operating Margin | -5360.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 54.2 months |
Financial Health Grade: B
In 2023, R Clay Simmons Foundation For Community And Economic Development reported a deficit of $3K with expenses exceeding revenue, holds 54.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), R Clay Simmons Foundation For Community And Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 64.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -99.3% | -87.0% | -17.9% |
| 2022 | +250000.0% | +4796.1% | -47.7% |
| 2021 | -66.7% | — | -1.5% |
| 2020 | +28.6% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for R Clay Simmons Foundation For Community And 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 R Clay Simmons Foundation For Community And 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 deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about R Clay Simmons Foundation For Community And Economic Development
Is R Clay Simmons Foundation For Community And Economic Development a legitimate charity?
Based on AI analysis of IRS 990 filings, R Clay Simmons Foundation For Community And Economic Development (EIN: 640926967) insufficient data. 0 red flags identified, 0 strengths noted.
How does R Clay Simmons Foundation For Community And Economic Development spend its money?
Detailed spending breakdown data is not yet available for R Clay Simmons Foundation For Community And Economic Development. Check back for updated IRS 990 analysis.
Are donations to R Clay Simmons Foundation For Community And Economic Development tax-deductible?
R Clay Simmons Foundation For Community And Economic Development is registered as a tax-exempt nonprofit (EIN: 640926967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is R Clay Simmons Foundation For Community And Economic Development located?
R Clay Simmons Foundation For Community And Economic Development is headquartered in Starkville, Mississippi and files with the IRS under EIN 640926967. It is classified under NTEE code S03.
How many years of IRS 990 filings does R Clay Simmons Foundation For Community And Economic Development have?
R Clay Simmons Foundation For Community And Economic Development has 5 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 $1 in total revenue.
Filing History
IRS 990 filing history for R Clay Simmons Foundation For Community And Economic Development showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), R Clay Simmons Foundation For Community And Economic Development's revenue has grown by 628.6%, moving from $7 to $51. Total assets decreased by 57.7% over the same period, from $30K to $13K. In its most recent filing year (2023), R Clay Simmons Foundation For Community And Economic Development reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1 in liabilities against $13K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51 | $3K | $13K | $1 | — | — |
| 2022 | $8K | $21K | $15K | $1 | — | View 990 |
| 2021 | $3 | $439 | $29K | $1 | — | View 990 |
| 2020 | $9 | $0 | $30K | $1 | — | — |
| 2019 | $7 | $0 | $30K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51, expenses of $3K, and assets of $13K (revenue -99.3% year-over-year).
- 2022: Revenue of $8K, expenses of $21K, and assets of $15K (revenue +250000.0% year-over-year).
- 2021: Revenue of $3, expenses of $439, and assets of $29K (revenue -66.7% year-over-year).
- 2020: Revenue of $9, expenses of $0, and assets of $30K (revenue +28.6% year-over-year).
- 2019: Revenue of $7, expenses of $0, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for R Clay Simmons Foundation For Community And Economic Development:
Data Sources and Methodology
This transparency report for R Clay Simmons Foundation For Community And 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.