Is Utility Economic Development Association Legit?

Utility Economic Development Association (UEDA) demonstrates consistent financial activity, with revenues and expenses generally in the range of $150,000 to $250,000 over the past decade. The organization has maintained a stable asset base, typically between $170,000 and $270,000. A notable aspect of UEDA's financial management is its consistent reporting of 0% officer compensation across all available filings, indicating a volunteer-led or very low-paid executive structure, which can be a positive sign for donor confidence regarding administrative overhead. However, the organization has frequently operated with expenses exceeding revenue, as seen in 2023 ($257,988 expenses vs. $231,084 revenue) and 2022 ($218,690 expenses vs. $181,967 revenue). While not uncommon for nonprofits, a sustained trend of deficits could impact long-term financial stability if not managed effectively. The latest reported revenue of $343,370 suggests a recent increase in funding, which could help address these past deficits. Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency is challenging. However, the absence of officer compensation suggests a lean administrative structure. The organization's consistent filing history indicates a commitment to transparency through regular reporting to the IRS.