Caroline Economic Development Corporation
EIN: 520982021 · Denton, MD · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $113K |
| Net Assets | $50K |
Is Caroline Economic Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Caroline Economic Development Corporation
Caroline Economic Development Corporation (EIN: 520982021) is a nonprofit organization based in Denton, MD, classified under NTEE code S31. The organization reported total revenue of $139K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caroline Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Caroline Economic Development Corporation is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $113K |
| Surplus / Deficit | +$27K |
| Total Assets | $57K |
| Total Liabilities | $7K |
| Net Assets | $50K |
| Operating Margin | 19.1% |
| Debt-to-Asset Ratio | 12.9% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2021, Caroline Economic Development Corporation reported a surplus of $27K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 12.9% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2021), Caroline Economic Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +13.8% | -6.2% | +131.3% |
| 2020 | -11.6% | -8.7% | -32.3% |
| 2019 | +18.5% | +5.9% | +101.6% |
| 2018 | -59.5% | -56.3% | -64.4% |
| 2017 | -16.4% | -17.3% | +42.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Caroline Economic Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Caroline Economic Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.9%.
Frequently Asked Questions about Caroline Economic Development Corporation
Is Caroline Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Caroline Economic Development Corporation (EIN: 520982021) insufficient data. 0 red flags identified, 0 strengths noted.
How does Caroline Economic Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Caroline Economic Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Caroline Economic Development Corporation tax-deductible?
Caroline Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 520982021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Caroline Economic Development Corporation located?
Caroline Economic Development Corporation is headquartered in Denton, Maryland and files with the IRS under EIN 520982021. It is classified under NTEE code S31.
How many years of IRS 990 filings does Caroline Economic Development Corporation have?
Caroline Economic Development Corporation has 12 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 $139K in total revenue.
Filing History
IRS 990 filing history for Caroline Economic Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Caroline Economic Development Corporation's revenue has declined by 49.7%, moving from $277K to $139K. Total assets increased by 46.4% over the same period, from $39K to $57K. Total functional expenses fell by 62.9%, from $303K to $113K. In its most recent filing year (2021), Caroline Economic Development Corporation reported a surplus of $27K, with revenue exceeding expenses. The organization holds $7K in liabilities against $57K in assets (debt-to-asset ratio: 12.9%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $139K | $113K | $57K | $7K | — | — |
| 2020 | $122K | $120K | $25K | $1K | — | — |
| 2019 | $138K | $132K | $37K | $16K | — | View 990 |
| 2018 | $117K | $124K | $18K | $4K | — | View 990 |
| 2017 | $288K | $284K | $51K | $29K | — | View 990 |
| 2016 | $345K | $344K | $36K | $18K | — | View 990 |
| 2015 | $370K | $351K | $59K | $43K | — | View 990 |
| 2014 | $357K | $353K | $96K | $99K | — | View 990 |
| 2013 | $431K | $451K | $99K | $106K | — | View 990 |
| 2012 | $354K | $350K | $54K | $40K | — | View 990 |
| 2011 | $334K | $337K | $43K | $33K | — | View 990 |
| 2010 | $277K | $303K | $39K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $139K, expenses of $113K, and assets of $57K (revenue +13.8% year-over-year).
- 2020: Revenue of $122K, expenses of $120K, and assets of $25K (revenue -11.6% year-over-year).
- 2019: Revenue of $138K, expenses of $132K, and assets of $37K (revenue +18.5% year-over-year).
- 2018: Revenue of $117K, expenses of $124K, and assets of $18K (revenue -59.5% year-over-year).
- 2017: Revenue of $288K, expenses of $284K, and assets of $51K (revenue -16.4% year-over-year).
- 2016: Revenue of $345K, expenses of $344K, and assets of $36K (revenue -6.8% year-over-year).
- 2015: Revenue of $370K, expenses of $351K, and assets of $59K (revenue +3.7% year-over-year).
- 2014: Revenue of $357K, expenses of $353K, and assets of $96K (revenue -17.1% year-over-year).
- 2013: Revenue of $431K, expenses of $451K, and assets of $99K (revenue +21.7% year-over-year).
- 2012: Revenue of $354K, expenses of $350K, and assets of $54K (revenue +5.8% year-over-year).
- 2011: Revenue of $334K, expenses of $337K, and assets of $43K (revenue +20.7% year-over-year).
- 2010: Revenue of $277K, expenses of $303K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Caroline Economic Development Corporation:
Data Sources and Methodology
This transparency report for Caroline Economic 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.