Red Wing Collectors Society Inc
EIN: 411377050 · Red Wing, MN
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $336K |
| Net Assets | $482K |
Is Red Wing Collectors Society Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Wing Collectors Society Inc
Red Wing Collectors Society Inc (EIN: 411377050) is a nonprofit organization based in Red Wing, MN. The organization reported total revenue of $296K and total assets of $514K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Wing Collectors Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Wing Collectors Society Inc is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $340K |
| Total Expenses | $336K |
| Surplus / Deficit | +$4K |
| Total Assets | $530K |
| Total Liabilities | $48K |
| Net Assets | $482K |
| Operating Margin | 1.1% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 18.9 months |
Financial Health Grade: A
In 2023, Red Wing Collectors Society Inc reported a surplus of $4K with revenue exceeding expenses, holds 18.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Red Wing Collectors Society Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.6% | +41.1% | +0.8% |
| 2022 | -3.8% | +22.6% | -0.5% |
| 2021 | -12.8% | -21.8% | +10.2% |
| 2020 | -13.9% | -27.2% | +4.6% |
| 2019 | -3.1% | -0.4% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Wing Collectors Society Inc 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 Red Wing Collectors Society Inc 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Frequently Asked Questions about Red Wing Collectors Society Inc
Is Red Wing Collectors Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Wing Collectors Society Inc (EIN: 411377050) insufficient data. 0 red flags identified, 0 strengths noted.
How does Red Wing Collectors Society Inc spend its money?
Detailed spending breakdown data is not yet available for Red Wing Collectors Society Inc. Check back for updated IRS 990 analysis.
Are donations to Red Wing Collectors Society Inc tax-deductible?
Red Wing Collectors Society Inc is registered as a tax-exempt nonprofit (EIN: 411377050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Wing Collectors Society Inc located?
Red Wing Collectors Society Inc is headquartered in Red Wing, Minnesota and files with the IRS under EIN 411377050.
How many years of IRS 990 filings does Red Wing Collectors Society Inc have?
Red Wing Collectors Society Inc 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 $296K in total revenue.
Filing History
IRS 990 filing history for Red Wing Collectors Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Red Wing Collectors Society Inc's revenue has declined by 19.7%, moving from $423K to $340K. Total assets increased by 1.2% over the same period, from $523K to $530K. Total functional expenses fell by 14%, from $391K to $336K. In its most recent filing year (2023), Red Wing Collectors Society Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $48K in liabilities against $530K in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $482K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $340K | $336K | $530K | $48K | — | — |
| 2022 | $234K | $238K | $525K | $46K | — | View 990 |
| 2021 | $243K | $194K | $528K | $43K | — | View 990 |
| 2020 | $279K | $249K | $479K | $43K | — | View 990 |
| 2019 | $323K | $341K | $458K | $52K | — | — |
| 2018 | $334K | $343K | $477K | $53K | — | View 990 |
| 2017 | $349K | $359K | $488K | $55K | — | View 990 |
| 2016 | $326K | $332K | $500K | $57K | — | View 990 |
| 2015 | $349K | $362K | $506K | $57K | — | View 990 |
| 2014 | $354K | $400K | $504K | $42K | — | View 990 |
| 2013 | $380K | $356K | $541K | $35K | — | View 990 |
| 2012 | $386K | $391K | $517K | $21K | — | View 990 |
| 2011 | $423K | $391K | $523K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $340K, expenses of $336K, and assets of $530K (revenue +45.6% year-over-year).
- 2022: Revenue of $234K, expenses of $238K, and assets of $525K (revenue -3.8% year-over-year).
- 2021: Revenue of $243K, expenses of $194K, and assets of $528K (revenue -12.8% year-over-year).
- 2020: Revenue of $279K, expenses of $249K, and assets of $479K (revenue -13.9% year-over-year).
- 2019: Revenue of $323K, expenses of $341K, and assets of $458K (revenue -3.1% year-over-year).
- 2018: Revenue of $334K, expenses of $343K, and assets of $477K (revenue -4.4% year-over-year).
- 2017: Revenue of $349K, expenses of $359K, and assets of $488K (revenue +7.0% year-over-year).
- 2016: Revenue of $326K, expenses of $332K, and assets of $500K (revenue -6.6% year-over-year).
- 2015: Revenue of $349K, expenses of $362K, and assets of $506K (revenue -1.5% year-over-year).
- 2014: Revenue of $354K, expenses of $400K, and assets of $504K (revenue -6.9% year-over-year).
- 2013: Revenue of $380K, expenses of $356K, and assets of $541K (revenue -1.6% year-over-year).
- 2012: Revenue of $386K, expenses of $391K, and assets of $517K (revenue -8.7% year-over-year).
- 2011: Revenue of $423K, expenses of $391K, and assets of $523K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Wing Collectors Society Inc:
Data Sources and Methodology
This transparency report for Red Wing Collectors Society Inc 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.