Selma And Dallas County Economic Development Authority
EIN: 582062877 · Selma, AL
| Metric | Value |
|---|---|
| Total Revenue | $341K |
| Total Expenses | $314K |
| Net Assets | $587K |
Is Selma And Dallas County Economic Development Authority Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Selma And Dallas County Economic Development Authority
Selma And Dallas County Economic Development Authority (EIN: 582062877) is a nonprofit organization based in Selma, AL. The organization reported total revenue of $341K and total assets of $609K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Selma And Dallas County Economic Development Authority's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Selma And Dallas County Economic Development Authority is a small nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $311K |
| Total Expenses | $314K |
| Surplus / Deficit | $-3,019 |
| Total Assets | $644K |
| Total Liabilities | $57K |
| Net Assets | $587K |
| Operating Margin | -1.0% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 24.6 months |
Financial Health Grade: B
In 2023, Selma And Dallas County Economic Development Authority reported a deficit of $3K with expenses exceeding revenue, holds 24.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Selma And Dallas County Economic Development Authority's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | -4.3% | +8.0% |
| 2022 | -3.7% | -12.0% | -0.4% |
| 2021 | -3.5% | +20.4% | -8.5% |
| 2020 | +12.1% | +0.8% | +7.4% |
| 2019 | -7.9% | -3.7% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Selma And Dallas County Economic Development Authority 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 Selma And Dallas County Economic Development Authority 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: 8.8%.
Frequently Asked Questions about Selma And Dallas County Economic Development Authority
Is Selma And Dallas County Economic Development Authority a legitimate charity?
Selma And Dallas County Economic Development Authority (EIN: 582062877) is a registered tax-exempt nonprofit based in Alabama. It has 14 years of IRS 990 filings on record. Total revenue: $341K. No red flags identified. Financial health grade: B.
How does Selma And Dallas County Economic Development Authority spend its money?
Selma And Dallas County Economic Development Authority reported $341K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Selma And Dallas County Economic Development Authority tax-deductible?
Selma And Dallas County Economic Development Authority is registered as a tax-exempt nonprofit (EIN: 582062877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Selma And Dallas County Economic Development Authority located?
Selma And Dallas County Economic Development Authority is headquartered in Selma, Alabama and files with the IRS under EIN 582062877.
How many years of IRS 990 filings does Selma And Dallas County Economic Development Authority have?
Selma And Dallas County Economic Development Authority has 14 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 $341K in total revenue.
Filing History
IRS 990 filing history for Selma And Dallas County Economic Development Authority showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Selma And Dallas County Economic Development Authority's revenue has declined by 25.5%, moving from $417K to $311K. Total assets increased by 24.2% over the same period, from $518K to $644K. Total functional expenses fell by 14.9%, from $369K to $314K. In its most recent filing year (2023), Selma And Dallas County Economic Development Authority reported a deficit of $3K, with expenses exceeding revenue. The organization holds $57K in liabilities against $644K in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $587K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $311K | $314K | $644K | $57K | — | — |
| 2022 | $329K | $328K | $596K | $3K | — | View 990 |
| 2021 | $342K | $372K | $599K | $7K | — | View 990 |
| 2020 | $354K | $309K | $654K | $33K | — | — |
| 2019 | $316K | $307K | $610K | $21K | — | View 990 |
| 2018 | $343K | $319K | $581K | $2K | — | View 990 |
| 2017 | $357K | $336K | $572K | $18K | — | View 990 |
| 2016 | $364K | $332K | $565K | $31K | — | View 990 |
| 2015 | $339K | $421K | $561K | $46K | — | View 990 |
| 2014 | $335K | $305K | $641K | $33K | — | View 990 |
| 2013 | $362K | $354K | $601K | $8K | — | View 990 |
| 2012 | $374K | $324K | $614K | $33K | — | View 990 |
| 2011 | $357K | $357K | $571K | $42K | — | View 990 |
| 2010 | $417K | $369K | $518K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $311K, expenses of $314K, and assets of $644K (revenue -5.6% year-over-year).
- 2022: Revenue of $329K, expenses of $328K, and assets of $596K (revenue -3.7% year-over-year).
- 2021: Revenue of $342K, expenses of $372K, and assets of $599K (revenue -3.5% year-over-year).
- 2020: Revenue of $354K, expenses of $309K, and assets of $654K (revenue +12.1% year-over-year).
- 2019: Revenue of $316K, expenses of $307K, and assets of $610K (revenue -7.9% year-over-year).
- 2018: Revenue of $343K, expenses of $319K, and assets of $581K (revenue -3.8% year-over-year).
- 2017: Revenue of $357K, expenses of $336K, and assets of $572K (revenue -2.1% year-over-year).
- 2016: Revenue of $364K, expenses of $332K, and assets of $565K (revenue +7.4% year-over-year).
- 2015: Revenue of $339K, expenses of $421K, and assets of $561K (revenue +1.2% year-over-year).
- 2014: Revenue of $335K, expenses of $305K, and assets of $641K (revenue -7.3% year-over-year).
- 2013: Revenue of $362K, expenses of $354K, and assets of $601K (revenue -3.2% year-over-year).
- 2012: Revenue of $374K, expenses of $324K, and assets of $614K (revenue +4.6% year-over-year).
- 2011: Revenue of $357K, expenses of $357K, and assets of $571K (revenue -14.3% year-over-year).
- 2010: Revenue of $417K, expenses of $369K, and assets of $518K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Selma And Dallas County Economic Development Authority:
Data Sources and Methodology
This transparency report for Selma And Dallas County Economic Development Authority 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.