Ridgway Area Industrial Development Inc
EIN: 474600595 · Ridgway, PA · NTEE: S30
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $133K |
| Net Assets | $532K |
Is Ridgway Area Industrial Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ridgway Area Industrial Development Inc
Ridgway Area Industrial Development Inc (EIN: 474600595) is a nonprofit organization based in Ridgway, PA, classified under NTEE code S30. The organization reported total revenue of $1.4M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgway Area Industrial Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridgway Area Industrial Development Inc is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $133K |
| Surplus / Deficit | $-84,616 |
| Total Assets | $734K |
| Total Liabilities | $202K |
| Net Assets | $532K |
| Operating Margin | -176.3% |
| Debt-to-Asset Ratio | 27.5% |
| Months of Reserves | 66.4 months |
Financial Health Grade: B
In 2023, Ridgway Area Industrial Development Inc reported a deficit of $85K with expenses exceeding revenue, holds 66.4 months of operating reserves (strong position), has a debt-to-asset ratio of 27.5% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Ridgway Area Industrial Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.1% | -6.3% | -37.6% |
| 2022 | -25.8% | -2.4% | -4.4% |
| 2021 | +43.0% | +9.2% | +12.5% |
| 2020 | -72.3% | -15.0% | -1.2% |
| 2019 | +299.1% | +83.0% | +87.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ridgway Area Industrial Development 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 Ridgway Area Industrial Development 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 deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.5%.
Frequently Asked Questions about Ridgway Area Industrial Development Inc
Is Ridgway Area Industrial Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ridgway Area Industrial Development Inc (EIN: 474600595) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ridgway Area Industrial Development Inc spend its money?
Detailed spending breakdown data is not yet available for Ridgway Area Industrial Development Inc. Check back for updated IRS 990 analysis.
Are donations to Ridgway Area Industrial Development Inc tax-deductible?
Ridgway Area Industrial Development Inc is registered as a tax-exempt nonprofit (EIN: 474600595). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ridgway Area Industrial Development Inc located?
Ridgway Area Industrial Development Inc is headquartered in Ridgway, Pennsylvania and files with the IRS under EIN 474600595. It is classified under NTEE code S30.
How many years of IRS 990 filings does Ridgway Area Industrial Development Inc have?
Ridgway Area Industrial Development Inc has 8 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Ridgway Area Industrial Development Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Ridgway Area Industrial Development Inc's revenue has declined by 52.2%, moving from $100K to $48K. Total assets increased by 30.5% over the same period, from $562K to $734K. Total functional expenses rose by 77.8%, from $75K to $133K. In its most recent filing year (2023), Ridgway Area Industrial Development Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $202K in liabilities against $734K in assets (debt-to-asset ratio: 27.5%), resulting in net assets of $532K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $133K | $734K | $202K | — | — |
| 2022 | $161K | $142K | $1.2M | $297K | — | View 990 |
| 2021 | $217K | $145K | $1.2M | $370K | — | View 990 |
| 2020 | $152K | $133K | $1.1M | $305K | — | — |
| 2019 | $547K | $156K | $1.1M | $337K | — | View 990 |
| 2018 | $137K | $85K | $591K | $312K | — | View 990 |
| 2017 | $125K | $68K | $567K | $340K | — | — |
| 2016 | $100K | $75K | $562K | $367K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $133K, and assets of $734K (revenue -70.1% year-over-year).
- 2022: Revenue of $161K, expenses of $142K, and assets of $1.2M (revenue -25.8% year-over-year).
- 2021: Revenue of $217K, expenses of $145K, and assets of $1.2M (revenue +43.0% year-over-year).
- 2020: Revenue of $152K, expenses of $133K, and assets of $1.1M (revenue -72.3% year-over-year).
- 2019: Revenue of $547K, expenses of $156K, and assets of $1.1M (revenue +299.1% year-over-year).
- 2018: Revenue of $137K, expenses of $85K, and assets of $591K (revenue +9.6% year-over-year).
- 2017: Revenue of $125K, expenses of $68K, and assets of $567K (revenue +24.5% year-over-year).
- 2016: Revenue of $100K, expenses of $75K, and assets of $562K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridgway Area Industrial Development Inc:
Data Sources and Methodology
This transparency report for Ridgway Area Industrial Development 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.