May-port Economic Development Corp
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
May-port Economic Development Corp is a 501(c)(6) organization based in Portland, North Dakota, registered in 1995, with $91,866 in FY2024 revenue. CharityIndex grades it C+.
Po Box 171, Portland, ND, 58274 EIN 45-0405754 Since 1995
Revenue (FY2024)
$92K
▲ 0.9% vs prior year
Expenses (FY2024)
$30K
Net assets
$308K
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 May-port Economic Development Corp— 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 rating122 mo reserves · +67% 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 May-port Economic Development Corp: 122 mo reserves · +67% 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 May-port Economic Development Corp— 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 May-port Economic Development Corp: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 171, Portland, ND, 58274
- City
- Portland
- State
- North Dakota
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $64K (FY2010) to $92K (FY2024) across 15 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $308K
Operating margin
66.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$308K
Total liabilities
$0
Net assets
$308K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,866▲0.9% | $30,380▼60.6% | $308,430▲24.9% | $308,430▲24.9% | 990 |
| 2023 | $91,008▼9.9% | $77,012▲40.1% | $246,944▲10.7% | $246,944▲10.7% | 990 |
| 2022 | $100,995▲34.7% | $54,957▲11.9% | $223,032▲33.6% | $223,032▲33.6% | 990 |
| 2021 | $74,994▲6.5% | $49,097▼44.8% | $166,995▲8.7% | $166,995▲8.7% | 990 |
| 2020 | $70,391▼3.4% | $88,956▲120% | $153,598▼10.8% | $153,598▼10.8% | 990EZ |
| 2019 | $72,841▲37.2% | $40,501▼69.5% | $172,163▲23.1% | $172,163▲23.1% | 990EZ |
| 2018 | $53,095▲13.7% | $132,647▲70.3% | $139,823▼36.3% | $139,823▼36.3% | 990EZ |
| 2017 | $46,714▼33.5% | $77,891▲95.2% | $219,375▼12.4% | $219,375▼12.4% | 990EZ |
| 2016 | $70,196▲7.0% | $39,897▲14.2% | $250,552▲82.1% | $250,552▲82.1% | 990EZ |
| 2015 | $65,577▼3.1% | $34,927▼51.7% | $137,617▲28.7% | $137,617▲28.7% | 990EZ |
| 2014 | $67,707▼26.6% | $72,262▲95.5% | $106,967▼4.1% | $106,967▼4.1% | 990EZ |
| 2013 | $92,203▲39.3% | $36,956▼81.8% | $111,522▲98.2% | $111,522▲98.2% | 990EZ |
| 2012 | $66,168▲3.2% | $202,615▲49.2% | $56,275▼70.8% | $56,275▼70.8% | 990EZ |
| 2011 | $64,100▼0.1% | $135,760▲87.8% | $192,722▼27.1% | $192,722▼27.1% | 990EZ |
| 2010 | $64,145 | $72,276 | $264,382 | $264,382 | 990EZ |
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 May-port Economic Development Corp a legitimate nonprofit?
- Yes. May-port Economic Development Corp is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 45-0405754, based in Portland, North Dakota.
- What is May-port Economic Development Corp's EIN?
- May-port Economic Development Corp's Employer Identification Number (EIN) is 45-0405754.
- How much revenue does May-port Economic Development Corp report?
- May-port Economic Development Corp reported $91,866 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does May-port Economic Development Corp have?
- CharityIndex grades May-port Economic Development Corp C+, based on financial health (reserves and operating margin).
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Data for May-port Economic Development Corp (EIN 45-0405754) 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.