AI Transparency Report
Coos Economic Development Corporation demonstrates a generally stable financial position with fluctuating but often positive net assets over the past decade. The organization's assets have grown significantly from $542,065 in 2014 to $2,552,277 in 2023, indicating a healthy accumulation of resources. Revenue streams have been inconsistent, with peaks like $906,951 in 2021 and lows such as $89,259 in 2014, suggesting reliance on grants or project-based funding which can vary year-to-year. Despite these fluctuations, the organization has consistently managed its expenses, often spending less than its revenue, particularly in recent years like 2023 where revenue was $494,905 against expenses of $348,824.
The organization's spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program activities and operational costs rather than executive salaries. The absence of reported officer compensation also points to a high degree of transparency regarding how funds are allocated, as it indicates either a volunteer-led executive team or compensation below the reporting threshold, which is a positive sign for a nonprofit of its size. The NTEE code S30 (Economic Development) aligns with its mission, and the financial data supports an organization focused on resource accumulation and deployment for its stated purpose.