Tipton Economic Development Corp
EIN: 421278185 · Tipton, IA · NTEE: S21
| Metric | Value |
|---|---|
| Total Revenue | $738K |
| Total Expenses | $2K |
| Net Assets | $280K |
Is Tipton Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tipton Economic Development Corp
Tipton Economic Development Corp (EIN: 421278185) is a nonprofit organization based in Tipton, IA, classified under NTEE code S21. The organization reported total revenue of $738K and total assets of $862K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tipton Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tipton Economic Development Corp is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 29.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $2K |
| Surplus / Deficit | +$112K |
| Total Assets | $862K |
| Total Liabilities | $583K |
| Net Assets | $280K |
| Operating Margin | 97.9% |
| Debt-to-Asset Ratio | 67.6% |
| Months of Reserves | 4312.0 months |
Financial Health Grade: A
In 2024, Tipton Economic Development Corp reported a surplus of $112K with revenue exceeding expenses, holds 4312.0 months of operating reserves (strong position), has a debt-to-asset ratio of 67.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Tipton Economic Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 29.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -198.1% | -10.3% | -1.6% |
| 2022 | +197.9% | -14.5% | +0.4% |
| 2021 | +35.3% | -11.8% | -0.4% |
| 2020 | -26.1% | -5.8% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tipton Economic Development Corp 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 Tipton Economic Development Corp 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.6%.
Frequently Asked Questions about Tipton Economic Development Corp
Is Tipton Economic Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Tipton Economic Development Corp (EIN: 421278185) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tipton Economic Development Corp spend its money?
Detailed spending breakdown data is not yet available for Tipton Economic Development Corp. Check back for updated IRS 990 analysis.
Are donations to Tipton Economic Development Corp tax-deductible?
Tipton Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 421278185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tipton Economic Development Corp located?
Tipton Economic Development Corp is headquartered in Tipton, Iowa and files with the IRS under EIN 421278185. It is classified under NTEE code S21.
How many years of IRS 990 filings does Tipton Economic Development Corp have?
Tipton Economic Development Corp has 13 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 $738K in total revenue.
Filing History
IRS 990 filing history for Tipton Economic Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Tipton Economic Development Corp's revenue has grown by 2085%, moving from $5K to $115K. Total assets decreased by 25.7% over the same period, from $1.2M to $862K. Total functional expenses fell by 72.5%, from $9K to $2K. In its most recent filing year (2024), Tipton Economic Development Corp reported a surplus of $112K, with revenue exceeding expenses. The organization holds $583K in liabilities against $862K in assets (debt-to-asset ratio: 67.6%), resulting in net assets of $280K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $115K | $2K | $862K | $583K | — | — |
| 2023 | $-11,683 | $6K | $1.1M | $941K | — | View 990 |
| 2022 | $12K | $7K | $1.1M | $941K | — | View 990 |
| 2021 | $4K | $8K | $1.1M | $941K | — | — |
| 2020 | $3K | $9K | $1.1M | $941K | — | View 990 |
| 2019 | $4K | $10K | $1.1M | $941K | — | View 990 |
| 2018 | $9K | $12K | $1.1M | $941K | — | — |
| 2017 | $5K | $21K | $1.1M | $941K | — | View 990 |
| 2016 | $9K | $17K | $1.2M | $941K | — | View 990 |
| 2015 | $34K | $15K | $1.2M | $941K | — | View 990 |
| 2014 | $62K | $14K | $1.1M | $941K | — | View 990 |
| 2013 | $16K | $14K | $1.2M | $1.0M | — | View 990 |
| 2012 | $5K | $9K | $1.2M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $115K, expenses of $2K, and assets of $862K.
- 2023: Revenue of $-11,683, expenses of $6K, and assets of $1.1M (revenue -198.1% year-over-year).
- 2022: Revenue of $12K, expenses of $7K, and assets of $1.1M (revenue +197.9% year-over-year).
- 2021: Revenue of $4K, expenses of $8K, and assets of $1.1M (revenue +35.3% year-over-year).
- 2020: Revenue of $3K, expenses of $9K, and assets of $1.1M (revenue -26.1% year-over-year).
- 2019: Revenue of $4K, expenses of $10K, and assets of $1.1M (revenue -55.9% year-over-year).
- 2018: Revenue of $9K, expenses of $12K, and assets of $1.1M (revenue +89.7% year-over-year).
- 2017: Revenue of $5K, expenses of $21K, and assets of $1.1M (revenue -48.8% year-over-year).
- 2016: Revenue of $9K, expenses of $17K, and assets of $1.2M (revenue -72.9% year-over-year).
- 2015: Revenue of $34K, expenses of $15K, and assets of $1.2M (revenue -44.0% year-over-year).
- 2014: Revenue of $62K, expenses of $14K, and assets of $1.1M (revenue +296.9% year-over-year).
- 2013: Revenue of $16K, expenses of $14K, and assets of $1.2M (revenue +195.2% year-over-year).
- 2012: Revenue of $5K, expenses of $9K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tipton Economic Development Corp:
Data Sources and Methodology
This transparency report for Tipton Economic Development Corp 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.