Gadsden-etowah Industrial Development Authority
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Gadsden-etowah Industrial Development Authority is a 501(c)(6) organization based in Gadsden, Alabama, registered in 1988, with $619,213 in FY2024 revenue. CharityIndex grades it B.
99 E Chestnut St, Gadsden, AL, 35903 EIN 63-0888911 Since 1988
Revenue (FY2024)
$619K
▼ 1.4% vs prior year
Expenses (FY2024)
$582K
Net assets
$980K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Gadsden-etowah Industrial Development Authority— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Gadsden-etowah Industrial Development Authority: 20 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Gadsden-etowah Industrial Development Authority— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Gadsden-etowah Industrial Development Authority: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $200K (FY2016) to $619K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $80KNet assets $980K
Operating margin
6.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$80K
Net assets
$980K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $619,213▼1.4% | $581,931▲13.7% | $980,068▲4.0% | $1,059,690▲2.3% | 990 |
| 2023 | $627,839▲11.6% | $511,823▲15.1% | $942,786▲14.0% | $1,035,686▲23.1% | 990 |
| 2022 | $562,433▲35.3% | $444,622▲21.7% | $826,770▲16.6% | $841,609▲17.0% | 990 |
| 2021 | $415,686▼9.1% | $365,386▲5.6% | $708,959▲7.6% | $719,252▲8.5% | 990 |
| 2020 | $457,186▲9.2% | $345,971▲1.8% | $658,659▲20.3% | $663,197▲20.1% | 990 |
| 2019 | $418,688▲11.0% | $339,730▲43.6% | $547,444▲16.9% | $551,997▲16.6% | 990 |
| 2018 | $377,202▲0.9% | $236,629▲38.2% | $468,486▲42.9% | $473,502▲43.6% | 990 |
| 2017 | $374,000▲87.0% | $171,276▲12.6% | $327,913▲162% | $329,714▲160% | 990 |
| 2016 | $200,007 | $152,043 | $125,189 | $126,935 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Gadsden-etowah Industrial Development Authority a legitimate nonprofit?
- Yes. Gadsden-etowah Industrial Development Authority is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 63-0888911, based in Gadsden, Alabama.
- What is Gadsden-etowah Industrial Development Authority's EIN?
- Gadsden-etowah Industrial Development Authority's Employer Identification Number (EIN) is 63-0888911.
- How much revenue does Gadsden-etowah Industrial Development Authority report?
- Gadsden-etowah Industrial Development Authority reported $619,213 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Gadsden-etowah Industrial Development Authority have?
- CharityIndex grades Gadsden-etowah Industrial Development Authority B, based on financial health (reserves and operating margin).
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Data for Gadsden-etowah Industrial Development Authority (EIN 63-0888911) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.