Industrial Development Board of Mayfield-graves County Inc
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Industrial Development Board of Mayfield-graves County Inc is a 501(c)(6) organization based in Mayfield, Kentucky, registered in 1967, with $2,337 in FY2024 revenue. CharityIndex grades it C+.
201 E College St, Mayfield, KY, 42066 EIN 61-6042028 Since 1967
Revenue (FY2024)
$2,337
▼ 26.1% vs prior year
Expenses (FY2024)
$15
Net assets
$129K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Industrial Development Board of Mayfield-graves County Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating103137 mo reserves · +99% 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 Industrial Development Board of Mayfield-graves County Inc: 103137 mo reserves · +99% margin earns a B+ 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 Industrial Development Board of Mayfield-graves County Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Industrial Development Board of Mayfield-graves County Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from -$2,240 (FY2013) to $2,337 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $62KNet assets $129K
Operating margin
99.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$190K
Total liabilities
$62K
Net assets
$129K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,337▼26.1% | $15▼99.0% | $128,921▲1.8% | $190,486 | 990 |
| 2023 | $3,161▲23.6% | $1,515▼98.4% | $126,599▲1.3% | $190,486 | 990 |
| 2022 | $2,557▼97.7% | $95,765▲5621% | $124,953▼42.7% | $190,485▼53.8% | 990 |
| 2021 | $113,610▲1047% | $1,674▲109% | $218,161▲105% | $412,216▼13.0% | 990 |
| 2020 | $9,909▲531% | $800▼49.7% | $106,225▲9.4% | $473,570▼32.1% | 990 |
| 2019 | $1,570▼38.9% | $1,590▼96.5% | $97,116 | $697,234▲38.0% | 990 |
| 2018 | $2,570▼26.6% | $45,240▲4279% | $97,136▼30.5% | $505,301▼8.0% | 990 |
| 2017 | $3,501▲8.1% | $1,033▼59.5% | $139,806▲1.8% | $549,239 | 990 |
| 2016 | $3,239▼5.6% | $2,550▲56.2% | $137,338▲0.5% | $549,239 | 990 |
| 2015 | $3,432▲1.5% | $1,633▼95.7% | $136,649▲1.3% | $549,239 | 990 |
| 2014 | $3,382▲251% | $38,317▲1904% | $134,850▼20.6% | $549,239▼6.2% | 990 |
| 2013 | -$2,240 | $1,912▼6.5% | $169,785▼2.4% | $585,440▼4.4% | 990 |
| 2012 | — | $2,044▲12.1% | $173,937▼1.2% | $612,381 | 990 |
| 2011 | — | $1,823 | $175,981 | $612,381 | 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 Industrial Development Board of Mayfield-graves County Inc a legitimate nonprofit?
- Yes. Industrial Development Board of Mayfield-graves County Inc is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-6042028, based in Mayfield, Kentucky.
- What is Industrial Development Board of Mayfield-graves County Inc's EIN?
- Industrial Development Board of Mayfield-graves County Inc's Employer Identification Number (EIN) is 61-6042028.
- How much revenue does Industrial Development Board of Mayfield-graves County Inc report?
- Industrial Development Board of Mayfield-graves County Inc reported $2,337 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Industrial Development Board of Mayfield-graves County Inc have?
- CharityIndex grades Industrial Development Board of Mayfield-graves County Inc C+, based on financial health (reserves and operating margin).
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Data for Industrial Development Board of Mayfield-graves County Inc (EIN 61-6042028) 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.