Western Region Economic Development
EIN: 363803598 · Williston, ND
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Total Expenses | $160K |
| Net Assets | $61K |
Is Western Region Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Western Region Economic Development
Western Region Economic Development (EIN: 363803598) is a nonprofit organization based in Williston, ND. The organization reported total revenue of $89K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western Region Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Western Region Economic Development is a micro nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $160K |
| Surplus / Deficit | $-50,621 |
| Total Assets | $61K |
| Net Assets | $61K |
| Operating Margin | -46.5% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Western Region Economic Development reported a deficit of $51K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Western Region Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 22.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.3% | +96.5% | -46.7% |
| 2022 | +68.9% | +27.1% | +55.0% |
| 2021 | -0.8% | -35.1% | +25.0% |
| 2020 | -62.4% | -50.0% | -32.3% |
| 2019 | +38.6% | +3.4% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Western Region Economic Development 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 Western Region Economic Development 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 $51K, with expenses exceeding revenue.
Frequently Asked Questions about Western Region Economic Development
Is Western Region Economic Development a legitimate charity?
Western Region Economic Development (EIN: 363803598) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $89K. No red flags identified. Financial health grade: B.
How does Western Region Economic Development spend its money?
Western Region Economic Development reported $89K 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 Western Region Economic Development tax-deductible?
Western Region Economic Development is registered as a tax-exempt nonprofit (EIN: 363803598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Western Region Economic Development located?
Western Region Economic Development is headquartered in Williston, North Dakota and files with the IRS under EIN 363803598.
How many years of IRS 990 filings does Western Region Economic Development have?
Western Region Economic Development 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 $89K in total revenue.
Filing History
IRS 990 filing history for Western Region Economic Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Western Region Economic Development's revenue has grown by 983.4%, moving from $10K to $109K. Total assets increased by 6421% over the same period, from $936 to $61K. Total functional expenses rose by 2166.2%, from $7K to $160K. In its most recent filing year (2023), Western Region Economic Development reported a deficit of $51K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $109K | $160K | $61K | $0 | — | View 990 |
| 2022 | $124K | $81K | $114K | $3K | — | — |
| 2021 | $74K | $64K | $74K | $5K | — | — |
| 2020 | $74K | $98K | $59K | $45 | — | View 990 |
| 2019 | $197K | $197K | $87K | $4K | — | View 990 |
| 2018 | $142K | $190K | $82K | $0 | — | View 990 |
| 2017 | $178K | $127K | $132K | $2K | — | View 990 |
| 2016 | $101K | $151K | $79K | $57 | — | View 990 |
| 2015 | $256K | $156K | $143K | $5K | — | View 990 |
| 2014 | $231K | $250K | $76K | $3K | — | View 990 |
| 2013 | $337K | $297K | $62K | $8K | — | View 990 |
| 2012 | $13K | $9K | $7K | $3K | — | View 990 |
| 2011 | $10K | $7K | $936 | $280 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $109K, expenses of $160K, and assets of $61K (revenue -12.3% year-over-year).
- 2022: Revenue of $124K, expenses of $81K, and assets of $114K (revenue +68.9% year-over-year).
- 2021: Revenue of $74K, expenses of $64K, and assets of $74K (revenue -0.8% year-over-year).
- 2020: Revenue of $74K, expenses of $98K, and assets of $59K (revenue -62.4% year-over-year).
- 2019: Revenue of $197K, expenses of $197K, and assets of $87K (revenue +38.6% year-over-year).
- 2018: Revenue of $142K, expenses of $190K, and assets of $82K (revenue -19.7% year-over-year).
- 2017: Revenue of $178K, expenses of $127K, and assets of $132K (revenue +75.1% year-over-year).
- 2016: Revenue of $101K, expenses of $151K, and assets of $79K (revenue -60.4% year-over-year).
- 2015: Revenue of $256K, expenses of $156K, and assets of $143K (revenue +10.9% year-over-year).
- 2014: Revenue of $231K, expenses of $250K, and assets of $76K (revenue -31.4% year-over-year).
- 2013: Revenue of $337K, expenses of $297K, and assets of $62K (revenue +2575.9% year-over-year).
- 2012: Revenue of $13K, expenses of $9K, and assets of $7K (revenue +25.1% year-over-year).
- 2011: Revenue of $10K, expenses of $7K, and assets of $936.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Western Region Economic Development:
Data Sources and Methodology
This transparency report for Western Region Economic Development 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.