Waconia United Food Shelf
EIN: 471667774 · Waconia, MN · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $631K |
| Total Expenses | $332K |
| Net Assets | $739K |
Is Waconia United Food Shelf Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waconia United Food Shelf
Waconia United Food Shelf (EIN: 471667774) is a nonprofit organization based in Waconia, MN, classified under NTEE code K31. The organization reported total revenue of $631K and total assets of $844K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waconia United Food Shelf's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waconia United Food Shelf is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $349K |
| Total Expenses | $332K |
| Surplus / Deficit | +$18K |
| Total Assets | $739K |
| Total Liabilities | $841 |
| Net Assets | $739K |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 26.8 months |
Financial Health Grade: A
In 2023, Waconia United Food Shelf reported a surplus of $18K with revenue exceeding expenses, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Waconia United Food Shelf's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | +11.8% | +7.2% |
| 2022 | -31.3% | -18.5% | +4.9% |
| 2021 | +11.8% | +10.0% | +38.8% |
| 2020 | +57.8% | +11.8% | +49.7% |
| 2019 | +2.8% | +7.7% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waconia United Food Shelf 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 Waconia United Food Shelf 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 $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Waconia United Food Shelf
Is Waconia United Food Shelf a legitimate charity?
Based on AI analysis of IRS 990 filings, Waconia United Food Shelf (EIN: 471667774) insufficient data. 0 red flags identified, 0 strengths noted.
How does Waconia United Food Shelf spend its money?
Detailed spending breakdown data is not yet available for Waconia United Food Shelf. Check back for updated IRS 990 analysis.
Are donations to Waconia United Food Shelf tax-deductible?
Waconia United Food Shelf is registered as a tax-exempt nonprofit (EIN: 471667774). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waconia United Food Shelf located?
Waconia United Food Shelf is headquartered in Waconia, Minnesota and files with the IRS under EIN 471667774. It is classified under NTEE code K31.
How many years of IRS 990 filings does Waconia United Food Shelf have?
Waconia United Food Shelf has 8 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 $631K in total revenue.
Filing History
IRS 990 filing history for Waconia United Food Shelf showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Waconia United Food Shelf's revenue has declined by 9%, moving from $384K to $349K. Total assets increased by 249.9% over the same period, from $211K to $739K. Total functional expenses rose by 91.9%, from $173K to $332K. In its most recent filing year (2023), Waconia United Food Shelf reported a surplus of $18K, with revenue exceeding expenses. The organization holds $841 in liabilities against $739K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $739K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $332K | $739K | $841 | — | — |
| 2022 | $377K | $297K | $690K | $6K | — | View 990 |
| 2021 | $548K | $364K | $657K | $0 | — | View 990 |
| 2020 | $491K | $331K | $473K | $0 | — | View 990 |
| 2019 | $311K | $296K | $316K | $2K | — | View 990 |
| 2018 | $303K | $275K | $301K | $2K | — | View 990 |
| 2017 | $318K | $258K | $271K | $0 | — | — |
| 2016 | $384K | $173K | $211K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $349K, expenses of $332K, and assets of $739K (revenue -7.2% year-over-year).
- 2022: Revenue of $377K, expenses of $297K, and assets of $690K (revenue -31.3% year-over-year).
- 2021: Revenue of $548K, expenses of $364K, and assets of $657K (revenue +11.8% year-over-year).
- 2020: Revenue of $491K, expenses of $331K, and assets of $473K (revenue +57.8% year-over-year).
- 2019: Revenue of $311K, expenses of $296K, and assets of $316K (revenue +2.8% year-over-year).
- 2018: Revenue of $303K, expenses of $275K, and assets of $301K (revenue -4.9% year-over-year).
- 2017: Revenue of $318K, expenses of $258K, and assets of $271K (revenue -17.1% year-over-year).
- 2016: Revenue of $384K, expenses of $173K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waconia United Food Shelf:
Data Sources and Methodology
This transparency report for Waconia United Food Shelf 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.