Valdese Economic Development Investment Corporation
EIN: 270301275 · Valdese, NC · NTEE: S32
Is Valdese Economic Development Investment Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valdese Economic Development Investment Corporation
Valdese Economic Development Investment Corporation (EIN: 270301275) is a nonprofit organization based in Valdese, NC, classified under NTEE code S32. The organization reported total revenue of $358K and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valdese Economic Development Investment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valdese Economic Development Investment Corporation is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288K |
| Total Expenses | $199K |
| Surplus / Deficit | +$89K |
| Total Assets | $3.4M |
| Total Liabilities | $2.1M |
| Net Assets | $1.3M |
| Operating Margin | 30.9% |
| Debt-to-Asset Ratio | 63.2% |
| Months of Reserves | 204.7 months |
Financial Health Grade: A
In 2023, Valdese Economic Development Investment Corporation reported a surplus of $89K with revenue exceeding expenses, holds 204.7 months of operating reserves (strong position), has a debt-to-asset ratio of 63.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Valdese Economic Development Investment Corporation's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +36.7% | -1.0% |
| 2022 | -15.9% | -17.1% | +0.6% |
| 2021 | -1.2% | -25.1% | +5.2% |
| 2020 | +11.3% | +12.1% | +3.1% |
| 2019 | +20.9% | -14.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Valdese Economic Development Investment 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 Valdese Economic Development Investment 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 63.2%.
Frequently Asked Questions about Valdese Economic Development Investment Corporation
Is Valdese Economic Development Investment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Valdese Economic Development Investment Corporation (EIN: 270301275) insufficient data. 0 red flags identified, 0 strengths noted.
How does Valdese Economic Development Investment Corporation spend its money?
Detailed spending breakdown data is not yet available for Valdese Economic Development Investment Corporation. Check back for updated IRS 990 analysis.
Are donations to Valdese Economic Development Investment Corporation tax-deductible?
Valdese Economic Development Investment Corporation is registered as a tax-exempt nonprofit (EIN: 270301275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Valdese Economic Development Investment Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Valdese Economic Development Investment Corporation's revenue has declined by 21.6%, moving from $368K to $288K. Total assets increased by 771.6% over the same period, from $390K to $3.4M. Total functional expenses rose by 1477.9%, from $13K to $199K. In its most recent filing year (2023), Valdese Economic Development Investment Corporation reported a surplus of $89K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $3.4M in assets (debt-to-asset ratio: 63.2%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288K | $199K | $3.4M | $2.1M | — | View 990 |
| 2022 | $283K | $146K | $3.4M | $2.3M | — | View 990 |
| 2021 | $336K | $176K | $3.4M | $2.4M | — | View 990 |
| 2020 | $340K | $235K | $3.2M | $2.4M | — | View 990 |
| 2019 | $306K | $209K | $3.1M | $2.4M | — | View 990 |
| 2018 | $253K | $245K | $3.1M | $2.5M | — | View 990 |
| 2017 | $272K | $155K | $3.2M | $2.5M | — | — |
| 2016 | $196K | $161K | $2.6M | $2.0M | — | View 990 |
| 2015 | $297K | $164K | $1.8M | $1.3M | — | View 990 |
| 2014 | $189K | $99K | $539K | $172K | — | View 990 |
| 2013 | $64K | $73K | $438K | $161K | — | View 990 |
| 2012 | $97K | $67K | $419K | $0 | — | View 990 |
| 2011 | $368K | $13K | $390K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $288K, expenses of $199K, and assets of $3.4M (revenue +1.9% year-over-year).
- 2022: Revenue of $283K, expenses of $146K, and assets of $3.4M (revenue -15.9% year-over-year).
- 2021: Revenue of $336K, expenses of $176K, and assets of $3.4M (revenue -1.2% year-over-year).
- 2020: Revenue of $340K, expenses of $235K, and assets of $3.2M (revenue +11.3% year-over-year).
- 2019: Revenue of $306K, expenses of $209K, and assets of $3.1M (revenue +20.9% year-over-year).
- 2018: Revenue of $253K, expenses of $245K, and assets of $3.1M (revenue -7.1% year-over-year).
- 2017: Revenue of $272K, expenses of $155K, and assets of $3.2M (revenue +39.0% year-over-year).
- 2016: Revenue of $196K, expenses of $161K, and assets of $2.6M (revenue -34.0% year-over-year).
- 2015: Revenue of $297K, expenses of $164K, and assets of $1.8M (revenue +57.2% year-over-year).
- 2014: Revenue of $189K, expenses of $99K, and assets of $539K (revenue +192.9% year-over-year).
- 2013: Revenue of $64K, expenses of $73K, and assets of $438K (revenue -33.4% year-over-year).
- 2012: Revenue of $97K, expenses of $67K, and assets of $419K (revenue -73.7% year-over-year).
- 2011: Revenue of $368K, expenses of $13K, and assets of $390K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valdese Economic Development Investment Corporation:
Data Sources and Methodology
This transparency report for Valdese Economic Development Investment 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.