Is Center For Community Economic Development Legit?
Quick charity verification for Center For Community Economic Development (EIN: 20508966)
Verdict: Center For Community Economic Development shows mixed signals
40/100Mission Score
$0Revenue
$0Assets
3Red Flags
1Strengths
Red Flags
Consistent and significant net losses in both reported periods ($8,332 in 2012, $1,905 in 2013).
Latest reported revenue of $0 and assets of $0, suggesting potential inactivity or dissolution.
High liabilities relative to revenue in 2013 ($7,987 liabilities vs. $204 revenue).
Strengths
No reported officer compensation, indicating potential volunteer-led efforts or efficient use of limited funds for leadership.
AI Transparency Report
The Center For Community Economic Development appears to be a very small organization, and its financial health is concerning given its consistent net losses. In 2013, the organization reported $204 in revenue against $2,109 in expenses, resulting in a significant deficit. This trend was also present in 2012, with $37 in revenue and $8,369 in expenses. While the organization has some assets ($16,873 in 2013), its liabilities ($7,987 in 2013) are substantial relative to its revenue, indicating potential solvency issues if this trend continues. The lack of reported officer compensation in both periods suggests either an all-volunteer leadership or that compensation falls below reporting thresholds, which can be a positive for efficiency but also raises questions about the capacity for sustained operations given the financial performance. The organization's transparency is limited by the minimal financial activity and the age of the available filings.