Significant operational deficit in 2021 (expenses $290,799 vs. revenue $181,583)
Increasing liabilities over the five-year period
Strengths
Consistent asset growth from $421,064 in 2018 to $660,814 in 2022
0% officer compensation reported across all filings, indicating efficient use of funds for mission
Strong revenue generation in 2022 ($321,414) significantly exceeding expenses ($219,093)
Clear alignment between organization name and NTEE code (Economic Development)
Spending Breakdown
How Harrisburg Economic Developmentcorporation 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 Harrisburg Economic Developmentcorporation
Is Harrisburg Economic Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrisburg Economic Developmentcorporation (EIN: 208719674) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Harrisburg Economic Developmentcorporation a good charity to donate to?
Harrisburg Economic Developmentcorporation has a Mission Score of 80/100. Revenue: $200K. Assets: $634K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Harrisburg Economic Developmentcorporation?
The Employer Identification Number (EIN) for Harrisburg Economic Developmentcorporation is 208719674. 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 Harrisburg Economic Developmentcorporation spend its money?
Harrisburg Economic Developmentcorporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Harrisburg Economic Developmentcorporation's tax-exempt status?
You can verify Harrisburg Economic Developmentcorporation's tax-exempt status using EIN 208719674 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
The Harrisburg Economic Developmentcorporation demonstrates a fluctuating financial performance over the past five years. While the organization reported a strong revenue of $321,414 in 2022, significantly exceeding its expenses of $219,093, it experienced a deficit in 2021 with expenses of $290,799 against revenues of $181,583. The organization's assets have shown consistent growth, increasing from $421,064 in 2018 to $660,814 in 2022, indicating a healthy accumulation of resources. Liabilities have also increased over this period, reaching $339,919 in 2022, which is a point to monitor.
Spending efficiency appears to be reasonable, particularly in 2022 where revenues comfortably covered expenses. However, the significant expense in 2021 relative to revenue suggests potential variability in operational costs or funding. The consistent reporting of 0% officer compensation across all filings is a positive indicator of resource allocation towards the mission rather than executive pay. The organization's NTEE code S30 (Economic Development) aligns with its name, suggesting a clear programmatic focus.
Overall, the organization appears to be in a stable financial position with growing assets, though it has experienced periods of operational deficits. Its transparency regarding executive compensation is excellent. Further analysis of the specific program expenses would provide a more granular understanding of its spending efficiency.