Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch
EIN: 421187973 · Marengo, IA
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $83K |
| Net Assets | $312K |
Is Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch (EIN: 421187973) is a nonprofit organization based in Marengo, IA. The organization reported total revenue of $91K and total assets of $291K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is a micro nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $44K |
| Total Expenses | $83K |
| Surplus / Deficit | $-39,232 |
| Total Assets | $312K |
| Total Liabilities | $1 |
| Net Assets | $312K |
| Operating Margin | -89.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 44.9 months |
Financial Health Grade: B
In 2023, Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch reported a deficit of $39K with expenses exceeding revenue, holds 44.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.2% | +8.7% | -11.2% |
| 2022 | -36.7% | -9.7% | -11.7% |
| 2021 | +19.8% | +69.8% | -8.6% |
| 2020 | -2.7% | -7.0% | -2.3% |
| 2019 | -1.2% | -18.1% | -12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch 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 Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch 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 $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch
Is Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch a legitimate charity?
Based on AI analysis of IRS 990 filings, Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch (EIN: 421187973) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch spend its money?
Detailed spending breakdown data is not yet available for Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch. Check back for updated IRS 990 analysis.
Are donations to Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch tax-deductible?
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is registered as a tax-exempt nonprofit (EIN: 421187973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch located?
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is headquartered in Marengo, Iowa and files with the IRS under EIN 421187973.
How many years of IRS 990 filings does Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch have?
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch 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 $91K in total revenue.
Filing History
IRS 990 filing history for Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch's revenue has grown by 32.3%, moving from $33K to $44K. Total assets decreased by 41.3% over the same period, from $532K to $312K. Total functional expenses rose by 48.2%, from $56K to $83K. In its most recent filing year (2023), Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch reported a deficit of $39K, with expenses exceeding revenue. The organization holds $1 in liabilities against $312K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $312K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $44K | $83K | $312K | $1 | — | — |
| 2022 | $30K | $77K | $351K | $1 | — | View 990 |
| 2021 | $48K | $85K | $398K | $1 | — | — |
| 2020 | $40K | $50K | $435K | $1 | — | — |
| 2019 | $41K | $54K | $445K | $0 | — | View 990 |
| 2015 | $41K | $66K | $511K | $0 | — | View 990 |
| 2014 | $58K | $50K | $521K | $0 | — | View 990 |
| 2013 | $38K | $41K | $513K | $0 | — | View 990 |
| 2012 | $38K | $54K | $515K | $0 | — | View 990 |
| 2011 | $33K | $56K | $532K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $44K, expenses of $83K, and assets of $312K (revenue +46.2% year-over-year).
- 2022: Revenue of $30K, expenses of $77K, and assets of $351K (revenue -36.7% year-over-year).
- 2021: Revenue of $48K, expenses of $85K, and assets of $398K (revenue +19.8% year-over-year).
- 2020: Revenue of $40K, expenses of $50K, and assets of $435K (revenue -2.7% year-over-year).
- 2019: Revenue of $41K, expenses of $54K, and assets of $445K (revenue -1.2% year-over-year).
- 2015: Revenue of $41K, expenses of $66K, and assets of $511K (revenue -29.3% year-over-year).
- 2014: Revenue of $58K, expenses of $50K, and assets of $521K (revenue +52.7% year-over-year).
- 2013: Revenue of $38K, expenses of $41K, and assets of $513K (revenue +1.5% year-over-year).
- 2012: Revenue of $38K, expenses of $54K, and assets of $515K (revenue +13.3% year-over-year).
- 2011: Revenue of $33K, expenses of $56K, and assets of $532K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch:
Data Sources and Methodology
This transparency report for Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch 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.