Reedtown Water Association Inc
EIN: 640473780 · Utica, MS
| Metric | Value |
|---|---|
| Total Revenue | $874K |
| Total Expenses | $734K |
| Net Assets | $3.9M |
Is Reedtown Water Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reedtown Water Association Inc
Reedtown Water Association Inc (EIN: 640473780) is a nonprofit organization based in Utica, MS. The organization reported total revenue of $874K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reedtown Water Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reedtown Water Association Inc is a small nonprofit that has been operating for 57 years, with 10 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $763K |
| Total Expenses | $734K |
| Surplus / Deficit | +$29K |
| Total Assets | $4.7M |
| Total Liabilities | $756K |
| Net Assets | $3.9M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 16.1% |
| Months of Reserves | 76.7 months |
Financial Health Grade: A
In 2021, Reedtown Water Association Inc reported a surplus of $29K with revenue exceeding expenses, holds 76.7 months of operating reserves (strong position), has a debt-to-asset ratio of 16.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2021), Reedtown Water Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +10.3% | +15.1% | -0.7% |
| 2020 | -10.1% | -1.2% | +2.9% |
| 2019 | -30.1% | -20.5% | +18.5% |
| 2017 | +44.7% | -0.5% | +8.4% |
| 2016 | -4.9% | +2.8% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1969 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reedtown Water Association 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 Reedtown Water Association 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.1%.
Frequently Asked Questions about Reedtown Water Association Inc
Is Reedtown Water Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reedtown Water Association Inc (EIN: 640473780) insufficient data. 0 red flags identified, 0 strengths noted.
How does Reedtown Water Association Inc spend its money?
Detailed spending breakdown data is not yet available for Reedtown Water Association Inc. Check back for updated IRS 990 analysis.
Are donations to Reedtown Water Association Inc tax-deductible?
Reedtown Water Association Inc is registered as a tax-exempt nonprofit (EIN: 640473780). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reedtown Water Association Inc located?
Reedtown Water Association Inc is headquartered in Utica, Mississippi and files with the IRS under EIN 640473780.
How many years of IRS 990 filings does Reedtown Water Association Inc have?
Reedtown Water Association Inc has 10 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 $874K in total revenue.
Filing History
IRS 990 filing history for Reedtown Water Association Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2021), Reedtown Water Association Inc's revenue has grown by 35.8%, moving from $562K to $763K. Total assets increased by 77.3% over the same period, from $2.6M to $4.7M. Total functional expenses rose by 23.8%, from $593K to $734K. In its most recent filing year (2021), Reedtown Water Association Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $756K in liabilities against $4.7M in assets (debt-to-asset ratio: 16.1%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $763K | $734K | $4.7M | $756K | — | View 990 |
| 2020 | $692K | $637K | $4.7M | $817K | — | View 990 |
| 2019 | $769K | $645K | $4.6M | $739K | — | — |
| 2017 | $1.1M | $812K | $3.9M | $958K | — | View 990 |
| 2016 | $760K | $817K | $3.6M | $1.0M | — | View 990 |
| 2015 | $800K | $795K | $3.7M | $1.1M | — | View 990 |
| 2014 | $1.7M | $677K | $3.8M | $1.1M | — | View 990 |
| 2013 | $617K | $690K | $2.4M | $854K | — | View 990 |
| 2012 | $576K | $623K | $2.6M | $910K | — | View 990 |
| 2011 | $562K | $593K | $2.6M | $936K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $763K, expenses of $734K, and assets of $4.7M (revenue +10.3% year-over-year).
- 2020: Revenue of $692K, expenses of $637K, and assets of $4.7M (revenue -10.1% year-over-year).
- 2019: Revenue of $769K, expenses of $645K, and assets of $4.6M (revenue -30.1% year-over-year).
- 2017: Revenue of $1.1M, expenses of $812K, and assets of $3.9M (revenue +44.7% year-over-year).
- 2016: Revenue of $760K, expenses of $817K, and assets of $3.6M (revenue -4.9% year-over-year).
- 2015: Revenue of $800K, expenses of $795K, and assets of $3.7M (revenue -53.0% year-over-year).
- 2014: Revenue of $1.7M, expenses of $677K, and assets of $3.8M (revenue +176.0% year-over-year).
- 2013: Revenue of $617K, expenses of $690K, and assets of $2.4M (revenue +7.1% year-over-year).
- 2012: Revenue of $576K, expenses of $623K, and assets of $2.6M (revenue +2.5% year-over-year).
- 2011: Revenue of $562K, expenses of $593K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reedtown Water Association Inc:
Data Sources and Methodology
This transparency report for Reedtown Water Association 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.