Washnew Development Corp
EIN: 311278456 · Columbus, OH · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $857K |
| Total Expenses | $159K |
Is Washnew 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 Washnew Development Corp
Washnew Development Corp (EIN: 311278456) is a nonprofit organization based in Columbus, OH, classified under NTEE code L20Z. The organization reported total revenue of $857K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washnew Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Washnew Development Corp is a small nonprofit that has been operating for 37 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $607K |
| Total Expenses | $159K |
| Surplus / Deficit | +$447K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 73.7% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2020, Washnew Development Corp reported a surplus of $447K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), Washnew Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +221.6% | -30.7% | -100.0% |
| 2019 | -2.2% | +13.0% | -8.7% |
| 2018 | -1.5% | -2.3% | -4.5% |
| 2017 | -0.4% | +8.4% | -2.9% |
| 2016 | +9.1% | -10.3% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Washnew 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 Washnew 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $447K, with revenue exceeding expenses.
Frequently Asked Questions about Washnew Development Corp
Is Washnew Development Corp a legitimate charity?
Washnew Development Corp (EIN: 311278456) is a registered tax-exempt nonprofit based in Ohio. It has 10 years of IRS 990 filings on record. Total revenue: $857K. No red flags identified. Financial health grade: A.
How does Washnew Development Corp spend its money?
Washnew Development Corp reported $857K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Washnew Development Corp tax-deductible?
Washnew Development Corp is registered as a tax-exempt nonprofit (EIN: 311278456). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Washnew Development Corp located?
Washnew Development Corp is headquartered in Columbus, Ohio and files with the IRS under EIN 311278456. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Washnew Development Corp have?
Washnew Development Corp has 10 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 $857K in total revenue.
Filing History
IRS 990 filing history for Washnew Development Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Washnew Development Corp's revenue has grown by 316.9%, moving from $146K to $607K. Total assets decreased by 100% over the same period, from $392K to $0. Total functional expenses fell by 14.8%, from $187K to $159K. In its most recent filing year (2020), Washnew Development Corp reported a surplus of $447K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $607K | $159K | $0 | $0 | — | View 990 |
| 2019 | $189K | $230K | $303K | $751K | — | View 990 |
| 2018 | $193K | $204K | $332K | $738K | — | View 990 |
| 2017 | $196K | $208K | $348K | $743K | — | View 990 |
| 2016 | $197K | $192K | $358K | $741K | — | View 990 |
| 2015 | $180K | $214K | $369K | $756K | — | View 990 |
| 2014 | $174K | $212K | $381K | $735K | — | View 990 |
| 2013 | $163K | $201K | $419K | $734K | — | View 990 |
| 2012 | $189K | $210K | $441K | $717K | — | View 990 |
| 2011 | $146K | $187K | $392K | $702K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $607K, expenses of $159K, and assets of $0 (revenue +221.6% year-over-year).
- 2019: Revenue of $189K, expenses of $230K, and assets of $303K (revenue -2.2% year-over-year).
- 2018: Revenue of $193K, expenses of $204K, and assets of $332K (revenue -1.5% year-over-year).
- 2017: Revenue of $196K, expenses of $208K, and assets of $348K (revenue -0.4% year-over-year).
- 2016: Revenue of $197K, expenses of $192K, and assets of $358K (revenue +9.1% year-over-year).
- 2015: Revenue of $180K, expenses of $214K, and assets of $369K (revenue +3.7% year-over-year).
- 2014: Revenue of $174K, expenses of $212K, and assets of $381K (revenue +6.7% year-over-year).
- 2013: Revenue of $163K, expenses of $201K, and assets of $419K (revenue -13.9% year-over-year).
- 2012: Revenue of $189K, expenses of $210K, and assets of $441K (revenue +29.9% year-over-year).
- 2011: Revenue of $146K, expenses of $187K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Washnew Development Corp:
Data Sources and Methodology
This transparency report for Washnew 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.