Is Cumberland Area Economic Development Corporation Legit?
Quick charity verification for Cumberland Area Economic Development Corporation (EIN: 202254486)
Verdict: Cumberland Area Economic Development Corporation appears trustworthy
90/100Mission Score
$4.5MRevenue
$10.0MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Consistent asset growth, from $3.5M in 2014 to $9.3M in 2023, demonstrating strong financial management.
Positive net revenue in most recent periods (e.g., $357,485 in 2023 and $1,834,002 in 2022), indicating financial sustainability.
Zero reported officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
Strong NTEE code (S30 - Economic Development) aligns with the organization's name and mission.
Spending Breakdown
How Cumberland Area Economic Development Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Cumberland Area Economic Development Corporation
Is Cumberland Area Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cumberland Area Economic Development Corporation (EIN: 202254486) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Cumberland Area Economic Development Corporation a good charity to donate to?
Cumberland Area Economic Development Corporation has a Mission Score of 90/100. Revenue: $4.5M. Assets: $10.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cumberland Area Economic Development Corporation?
The Employer Identification Number (EIN) for Cumberland Area Economic Development Corporation is 202254486. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Cumberland Area Economic Development Corporation spend its money?
Cumberland Area Economic Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cumberland Area Economic Development Corporation's tax-exempt status?
You can verify Cumberland Area Economic Development Corporation's tax-exempt status using EIN 202254486 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Cumberland Area Economic Development Corporation (CAEDC) demonstrates generally sound financial health, marked by consistent asset growth and positive net revenue in most recent periods. For instance, assets grew from $3,506,696 in 2014 to $9,316,356 in 2023, indicating effective asset management and accumulation. The organization has consistently reported zero officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not directly provided in the summary data, the consistent positive net revenue in recent years (e.g., $357,485 in 2023 and $1,834,002 in 2022) suggests efficient management of expenses relative to income. The absence of reported officer compensation further enhances its transparency profile.