Is Mid State Community Development Corporation Legit?
Quick charity verification for Mid State Community Development Corporation (EIN: 204351056)
Verdict: Mid State Community Development Corporation appears trustworthy
90/100Mission Score
$832KRevenue
$8.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, from $3.5 million in 2015 to $9.7 million in 2023, indicating strong financial management.
0% officer compensation reported across all filings, demonstrating a commitment to mission over executive salaries.
Significant revenue generation in recent years ($1.38M in 2022, $1.02M in 2023), suggesting successful funding efforts.
Healthy financial reserves with assets significantly exceeding liabilities (e.g., $9.7M assets vs. $6.5M liabilities in 2023).
Low expense ratios relative to revenue in recent years (e.g., $426,891 expenses on $1,025,010 revenue in 2023), indicating efficient operations.
AI Transparency Report
Mid State Community Development Corporation demonstrates a strong and improving financial position, particularly in recent years. The organization has consistently grown its assets, from $3.5 million in 2015 to $9.7 million in 2023, indicating effective asset management and potentially successful development projects. Revenue has shown significant fluctuations, with notable spikes in 2022 ($1.38 million) and 2023 ($1.02 million), suggesting successful grant acquisition or project funding in those periods. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending details are not provided in the summary data, the overall financial health and lack of executive compensation suggest a well-managed and mission-focused entity.