Skowhegan Economic Development Corporation
EIN: 43364974 · Skowhegan, ME · NTEE: S30I
| Metric | Value |
|---|---|
| Total Revenue | $412K |
| Total Expenses | $7K |
| Net Assets | $1.7M |
Is Skowhegan Economic Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Skowhegan Economic Development Corporation
Skowhegan Economic Development Corporation (EIN: 43364974) is a nonprofit organization based in Skowhegan, ME, classified under NTEE code S30I. The organization reported total revenue of $412K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skowhegan Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skowhegan Economic Development Corporation is a small nonprofit that has been operating for 28 years, with 12 years of IRS 990 filings on record (2011–2022).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -183.4% | -60.8% | -7.4% |
| 2021 | +234.6% | -76.2% | +6.8% |
| 2020 | -58.3% | +59.4% | -4.7% |
| 2019 | +37.2% | +476.7% | -1.9% |
| 2018 | +31.5% | -21.9% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Skowhegan Economic Development Corporation 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 Skowhegan Economic Development Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Skowhegan Economic Development Corporation
Is Skowhegan Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Skowhegan Economic Development Corporation (EIN: 43364974) insufficient data. 0 red flags identified, 0 strengths noted.
How does Skowhegan Economic Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Skowhegan Economic Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Skowhegan Economic Development Corporation tax-deductible?
Skowhegan Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 43364974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Skowhegan Economic Development Corporation located?
Skowhegan Economic Development Corporation is headquartered in Skowhegan, Maine and files with the IRS under EIN 43364974. It is classified under NTEE code S30I.
How many years of IRS 990 filings does Skowhegan Economic Development Corporation have?
Skowhegan Economic Development Corporation has 12 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 $412K in total revenue.
Filing History
IRS 990 filing history for Skowhegan Economic Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Skowhegan Economic Development Corporation's revenue has declined by 305.6%, moving from $23K to $-46,435. Total assets decreased by 8.1% over the same period, from $1.9M to $1.7M. Total functional expenses fell by 36.1%, from $10K to $7K. The organization holds $19K in liabilities against $1.7M in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $-46,435 | $7K | $1.7M | $19K | — | View 990 |
| 2021 | $56K | $17K | $1.9M | $224K | — | View 990 |
| 2020 | $17K | $71K | $1.8M | $143K | — | View 990 |
| 2019 | $40K | $45K | $1.8M | $176K | — | View 990 |
| 2018 | $29K | $8K | $1.9M | $208K | — | View 990 |
| 2017 | $22K | $10K | $1.9M | $237K | — | View 990 |
| 2016 | $24K | $8K | $1.9M | $266K | — | View 990 |
| 2015 | $4K | $8K | $1.9M | $292K | — | View 990 |
| 2014 | $17K | $8K | $1.9M | $318K | — | View 990 |
| 2013 | $17K | $10K | $2.0M | $342K | — | View 990 |
| 2012 | $125K | $9K | $2.0M | $370K | — | View 990 |
| 2011 | $23K | $10K | $1.9M | $383K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $-46,435, expenses of $7K, and assets of $1.7M (revenue -183.4% year-over-year).
- 2021: Revenue of $56K, expenses of $17K, and assets of $1.9M (revenue +234.6% year-over-year).
- 2020: Revenue of $17K, expenses of $71K, and assets of $1.8M (revenue -58.3% year-over-year).
- 2019: Revenue of $40K, expenses of $45K, and assets of $1.8M (revenue +37.2% year-over-year).
- 2018: Revenue of $29K, expenses of $8K, and assets of $1.9M (revenue +31.5% year-over-year).
- 2017: Revenue of $22K, expenses of $10K, and assets of $1.9M (revenue -6.7% year-over-year).
- 2016: Revenue of $24K, expenses of $8K, and assets of $1.9M (revenue +554.4% year-over-year).
- 2015: Revenue of $4K, expenses of $8K, and assets of $1.9M (revenue -78.4% year-over-year).
- 2014: Revenue of $17K, expenses of $8K, and assets of $1.9M (revenue +1.3% year-over-year).
- 2013: Revenue of $17K, expenses of $10K, and assets of $2.0M (revenue -86.8% year-over-year).
- 2012: Revenue of $125K, expenses of $9K, and assets of $2.0M (revenue +452.3% year-over-year).
- 2011: Revenue of $23K, expenses of $10K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skowhegan Economic Development Corporation:
Data Sources and Methodology
This transparency report for Skowhegan Economic Development Corporation 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.