Tn Development Corp
EIN: 570979157 · Columbia, SC · NTEE: L210
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.1M |
| Net Assets | $2.5M |
Is Tn 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 Tn Development Corp
Tn Development Corp (EIN: 570979157) is a nonprofit organization based in Columbia, SC, classified under NTEE code L210. The organization reported total revenue of $2.1M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tn Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tn Development Corp is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-357,463 |
| Total Assets | $6.8M |
| Total Liabilities | $4.3M |
| Net Assets | $2.5M |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 63.5% |
| Months of Reserves | 38.9 months |
Financial Health Grade: C
In 2023, Tn Development Corp reported a deficit of $357K with expenses exceeding revenue, holds 38.9 months of operating reserves (strong position), has a debt-to-asset ratio of 63.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tn Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +33.1% | +24.8% |
| 2022 | -1.8% | +10.1% | +23.7% |
| 2021 | +1239.7% | +769.5% | -1.0% |
| 2020 | -68.9% | -72.9% | -4.2% |
| 2019 | -71.2% | -61.0% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tn 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 Tn 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $357K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.5%.
Frequently Asked Questions about Tn Development Corp
Is Tn Development Corp a legitimate charity?
Tn Development Corp (EIN: 570979157) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: C.
How does Tn Development Corp spend its money?
Tn Development Corp reported $2.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tn Development Corp tax-deductible?
Tn Development Corp is registered as a tax-exempt nonprofit (EIN: 570979157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tn Development Corp located?
Tn Development Corp is headquartered in Columbia, South Carolina and files with the IRS under EIN 570979157. It is classified under NTEE code L210.
How many years of IRS 990 filings does Tn Development Corp have?
Tn 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Tn Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tn Development Corp's revenue has declined by 10.2%, moving from $1.9M to $1.7M. Total assets decreased by 8.2% over the same period, from $7.4M to $6.8M. Total functional expenses rose by 20%, from $1.8M to $2.1M. In its most recent filing year (2023), Tn Development Corp reported a deficit of $357K, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $6.8M in assets (debt-to-asset ratio: 63.5%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.1M | $6.8M | $4.3M | — | — |
| 2022 | $1.5M | $1.6M | $5.5M | $4.7M | — | View 990 |
| 2021 | $1.5M | $1.4M | $4.4M | $3.6M | — | — |
| 2020 | $114K | $165K | $4.5M | $3.7M | — | View 990 |
| 2019 | $366K | $609K | $4.7M | $3.8M | — | View 990 |
| 2018 | $1.3M | $1.6M | $5.2M | $4.1M | — | View 990 |
| 2017 | $1.2M | $1.3M | $5.5M | $4.2M | — | View 990 |
| 2016 | $1.5M | $1.4M | $5.8M | $4.3M | — | View 990 |
| 2015 | $1.5M | $1.3M | $5.7M | $4.4M | — | View 990 |
| 2014 | $1.4M | $1.3M | $5.8M | $4.6M | — | View 990 |
| 2013 | $1.5M | $1.3M | $5.9M | $4.7M | — | View 990 |
| 2012 | $2.0M | $1.2M | $8.4M | $5.0M | — | View 990 |
| 2011 | $1.9M | $1.8M | $7.4M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.1M, and assets of $6.8M (revenue +16.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $5.5M (revenue -1.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $4.4M (revenue +1239.7% year-over-year).
- 2020: Revenue of $114K, expenses of $165K, and assets of $4.5M (revenue -68.9% year-over-year).
- 2019: Revenue of $366K, expenses of $609K, and assets of $4.7M (revenue -71.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.6M, and assets of $5.2M (revenue +7.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.3M, and assets of $5.5M (revenue -20.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $5.8M (revenue -0.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $5.7M (revenue +6.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $5.8M (revenue -9.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $5.9M (revenue -23.8% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.2M, and assets of $8.4M (revenue +4.1% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tn Development Corp:
Data Sources and Methodology
This transparency report for Tn 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.