Winthrop Opportunities A Local Development Corporation
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Winthrop Opportunities A Local Development Corporation is a 501(c)(6) organization based in Winthrop, Minnesota, registered in 1983, with $10,929 in FY2022 revenue. CharityIndex grades it F.
Po Box 174, Winthrop, MN, 55396 EIN 41-1458089 Since 1983
Revenue (FY2022)
$11K
▼ 28.2% vs prior year
Expenses (FY2022)
$116K
Net assets
$398K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—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 Winthrop Opportunities A Local Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating41 mo reserves · -957% 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 Winthrop Opportunities A Local Development Corporation: 41 mo reserves · -957% margin earns a F 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 Winthrop Opportunities A Local Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FTransparency10% of the rating0 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 Winthrop Opportunities A Local Development Corporation: 0 of 5 disclosure signals earns a F on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $11K (FY2013) to $11K (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $0Net assets $398K
Operating margin
-957.3%
Spent more than it raised in the latest fiscal year.
Total assets
$398K
Total liabilities
$0
Net assets
$398K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $10,929▼28.2% | $115,549▲4681% | $397,755▼20.8% | $397,755▼20.8% | 990 |
| 2021 | $15,216▼11.3% | $2,417▼10.2% | $502,375▲2.6% | $502,375▲2.6% | 990 |
| 2020 | $17,158▼4.9% | $2,691▲2.2% | $489,576▲3.0% | $489,576▲3.0% | 990 |
| 2019 | $18,044▲14.7% | $2,633▼33.3% | $475,109▲3.4% | $475,109▲3.4% | 990 |
| 2018 | $15,728▲12.4% | $3,946▼91.6% | $459,698▲2.6% | $459,698▲2.6% | 990 |
| 2017 | $13,987▼66.8% | $47,096▲1084% | $447,916▼6.9% | $447,916▼6.9% | 990 |
| 2016 | $42,156▲234% | $3,978▼66.1% | $481,025▲8.6% | $481,025▲8.6% | 990 |
| 2015 | $12,612▼37.2% | $11,742▲21.3% | $442,847▲0.2% | $442,847▲0.2% | 990 |
| 2014 | $20,094▲79.1% | $9,684▲14.0% | $441,977▲2.4% | $441,977▲2.2% | 990 |
| 2013 | $11,220 | $8,496▼53.8% | $431,567▲0.6% | $432,503▼15.8% | 990 |
| 2012 | — | $18,395▲70.8% | $428,843▼1.5% | $513,477▼35.1% | 990 |
| 2011 | — | $10,772 | $435,443 | $791,674 | 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 Winthrop Opportunities A Local Development Corporation a legitimate nonprofit?
- Yes. Winthrop Opportunities A Local Development Corporation is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 41-1458089, based in Winthrop, Minnesota.
- What is Winthrop Opportunities A Local Development Corporation's EIN?
- Winthrop Opportunities A Local Development Corporation's Employer Identification Number (EIN) is 41-1458089.
- How much revenue does Winthrop Opportunities A Local Development Corporation report?
- Winthrop Opportunities A Local Development Corporation reported $10,929 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Winthrop Opportunities A Local Development Corporation have?
- CharityIndex grades Winthrop Opportunities A Local Development Corporation F, based on financial health (reserves and operating margin).
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Data for Winthrop Opportunities A Local Development Corporation (EIN 41-1458089) 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.