Central Alabama Development Corporation
EIN: 364850606 · Alex City, AL
Is Central Alabama 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 Central Alabama Development Corporation
Central Alabama Development Corporation (EIN: 364850606) is a nonprofit organization based in Alex City, AL. The organization reported total revenue of $70K and total assets of $643K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Alabama Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Alabama Development Corporation is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $57K |
| Surplus / Deficit | +$8K |
| Total Assets | $639K |
| Total Liabilities | $3K |
| Net Assets | $636K |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 133.9 months |
Financial Health Grade: A
In 2023, Central Alabama Development Corporation reported a surplus of $8K with revenue exceeding expenses, holds 133.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Central Alabama Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | +6.9% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Central Alabama 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 Central Alabama 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Central Alabama Development Corporation
Is Central Alabama Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Alabama Development Corporation (EIN: 364850606) insufficient data. 0 red flags identified, 0 strengths noted.
How does Central Alabama Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Central Alabama Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Central Alabama Development Corporation tax-deductible?
Central Alabama Development Corporation is registered as a tax-exempt nonprofit (EIN: 364850606). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Central Alabama Development Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Central Alabama Development Corporation's revenue has grown by 25.1%, moving from $52K to $65K. Total assets increased by 1% over the same period, from $633K to $639K. Total functional expenses rose by 6.9%, from $54K to $57K. In its most recent filing year (2023), Central Alabama Development Corporation reported a surplus of $8K, with revenue exceeding expenses. The organization holds $3K in liabilities against $639K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $636K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $57K | $639K | $3K | — | — |
| 2022 | $52K | $54K | $633K | $5K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Alabama Development Corporation:
Data Sources and Methodology
This transparency report for Central Alabama 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.