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MIP Score

61

Societal Benefit
Alternative Banking

Necog Development Corporation

Mission

To loan federal and state funds to local businesses and industry and to assist businesses in creating and retaining jobs for the region.

Basic Information

Tax-Exempt

Address

416 Production St N, Aberdeen, South Dakota, 57401

View all Aberdeen charities

Founded in

1994

EIN

46-0434487

Total Assets

$6.252 million

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

Showing 1 of 1 goals

MIP Score (Beta)

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The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

61

46

/100

Program Expense Ratio

79.54%

12

/20

Program Revenue Growth

9.29%

16

/20

Leverage Ratio

0.2187

14

/20

Working Capital Ratio

20.9

2

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants110.6K29.68%
Program Services260K69.75%
Investment Income2.144K0.58%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue372.7K100.00%