Binghampton Development Corporation
Binghampton Development Corporation consistently allocates 100% of reported expenses to program services with no officer compensation.
EIN: 200062075 · Memphis, TN · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $1.9M |
| Program Spending | 100% |
| Net Assets | $9.2M |
| Transparency Score | 95/100 |
Is Binghampton Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Binghampton Development Corporation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Binghampton Development Corporation
Binghampton Development Corporation (EIN: 200062075) is a nonprofit organization based in Memphis, TN, classified under NTEE code S31. The organization reported total revenue of $3.6M and total assets of $14.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Binghampton Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Binghampton Development Corporation is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$277K |
| Total Assets | $14.6M |
| Total Liabilities | $5.4M |
| Net Assets | $9.2M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 36.8% |
| Months of Reserves | 92.8 months |
Financial Health Grade: A
In 2023, Binghampton Development Corporation reported a surplus of $277K with revenue exceeding expenses, holds 92.8 months of operating reserves (strong position), has a debt-to-asset ratio of 36.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Binghampton Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.8% | +12.2% | +4.8% |
| 2022 | +132.1% | +18.8% | +12.3% |
| 2021 | -32.5% | -30.5% | -3.6% |
| 2020 | -1.2% | +24.9% | +0.6% |
| 2019 | +16.3% | -3.1% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Binghampton Development Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Binghampton Development Corporation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $277K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees. This is highly unusual and suggests either a fully volunteer-led executive team or that compensation is reported under different expense categories, though the latter would be less transparent.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Binghampton Development Corporation's IRS 990 filings:
- Unusually low or zero reported administrative and fundraising expenses, potentially indicating miscategorization of costs or an incomplete picture of operational overhead.
- Consistent 0% officer compensation for an organization with $14M+ in assets and $2M+ in revenue, which is atypical and warrants further investigation into how leadership is supported.
Strengths
The following positive indicators were identified for Binghampton Development Corporation:
- 100% of reported expenses consistently allocated to program services, demonstrating exceptional program efficiency.
- Significant growth in assets from $5,019,144 in 2014 to $14,559,936 in 2023, indicating strong financial management and sustainability.
- Consistent positive net income in most years, contributing to asset growth and financial stability.
- No reported officer compensation, suggesting a strong commitment to directing funds towards the mission rather than executive salaries.
Frequently Asked Questions about Binghampton Development Corporation
Is Binghampton Development Corporation a legitimate charity?
Binghampton Development Corporation (EIN: 200062075) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Binghampton Development Corporation spend its money?
Binghampton Development Corporation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Binghampton Development Corporation tax-deductible?
Binghampton Development Corporation is registered as a tax-exempt nonprofit (EIN: 200062075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Binghampton Development Corporation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Binghampton Development Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Binghampton Development Corporation located?
Binghampton Development Corporation is headquartered in Memphis, Tennessee and files with the IRS under EIN 200062075. It is classified under NTEE code S31.
How many years of IRS 990 filings does Binghampton Development Corporation have?
Binghampton Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.6M in total revenue.
Is Binghampton Development Corporation a good charity?
Based on the provided IRS 990 data, Binghampton Development Corporation appears to be a very good charity. It consistently directs 100% of its reported expenses to program services and reports no officer compensation, indicating a strong focus on its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have nearly tripled from $5,019,144 in 2014 to $14,559,936 in 2023, and revenue has shown substantial growth and stability, with the latest revenue at $2,160,012 in 2023.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership may be entirely volunteer-based or compensated through non-traditional means not reported in this section, which is highly unusual for an organization of its size and asset base.
Filing History
IRS 990 filing history for Binghampton Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Binghampton Development Corporation's revenue has grown by 121.7%, moving from $974K to $2.2M. Total assets increased by 461.5% over the same period, from $2.6M to $14.6M. Total functional expenses rose by 165.9%, from $708K to $1.9M. In its most recent filing year (2023), Binghampton Development Corporation reported a surplus of $277K, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $14.6M in assets (debt-to-asset ratio: 36.8%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.9M | $14.6M | $5.4M | — | — |
| 2022 | $3.3M | $1.7M | $13.9M | $5.1M | — | View 990 |
| 2021 | $1.4M | $1.4M | $12.4M | $5.1M | — | View 990 |
| 2020 | $2.1M | $2.0M | $12.8M | $5.6M | — | View 990 |
| 2019 | $2.1M | $1.6M | $12.7M | $5.5M | — | View 990 |
| 2018 | $1.8M | $1.7M | $12.7M | $5.9M | — | View 990 |
| 2017 | $4.0M | $1.3M | $8.8M | $2.2M | — | View 990 |
| 2016 | $1.4M | $1.3M | $6.9M | $2.9M | — | View 990 |
| 2015 | $1.4M | $1.1M | $5.5M | $1.6M | — | View 990 |
| 2014 | $1.4M | $1.4M | $5.0M | $1.4M | — | View 990 |
| 2013 | $2.4M | $917K | $4.9M | $1.3M | — | View 990 |
| 2012 | $1.1M | $916K | $3.5M | $1.5M | — | View 990 |
| 2011 | $974K | $708K | $2.6M | $734K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.9M, and assets of $14.6M (revenue -33.8% year-over-year).
- 2022: Revenue of $3.3M, expenses of $1.7M, and assets of $13.9M (revenue +132.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $12.4M (revenue -32.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $12.8M (revenue -1.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.6M, and assets of $12.7M (revenue +16.3% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $12.7M (revenue -54.6% year-over-year).
- 2017: Revenue of $4.0M, expenses of $1.3M, and assets of $8.8M (revenue +190.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $6.9M (revenue +0.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.1M, and assets of $5.5M (revenue -5.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $5.0M (revenue -40.8% year-over-year).
- 2013: Revenue of $2.4M, expenses of $917K, and assets of $4.9M (revenue +117.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $916K, and assets of $3.5M (revenue +15.5% year-over-year).
- 2011: Revenue of $974K, expenses of $708K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Binghampton Development Corporation:
Data Sources and Methodology
This transparency report for Binghampton Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.