Centralina Economic Development Commission Inc
Centralina Economic Development Commission consistently expends nearly all revenue annually with no reported officer compensation.
EIN: 203344901 · Charlotte, NC · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $190K |
| Total Expenses | $227K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $112,177 |
| Net Assets | $45K |
| Transparency Score | 85/100 |
Is Centralina Economic Development Commission Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centralina Economic Development Commission Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centralina Economic Development Commission Inc
Centralina Economic Development Commission Inc (EIN: 203344901) is a nonprofit organization based in Charlotte, NC, classified under NTEE code S30. The organization reported total revenue of $190K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centralina Economic Development Commission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centralina Economic Development Commission Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $227K |
| Surplus / Deficit | +$937 |
| Total Assets | $45K |
| Net Assets | $45K |
| Operating Margin | 0.4% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2023, Centralina Economic Development Commission Inc reported a surplus of $937 with revenue exceeding expenses, holds 2.4 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Centralina Economic Development Commission Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -60.5% | -60.4% | -36.9% |
| 2022 | +81.1% | +84.2% | -59.3% |
| 2021 | +67.0% | +70.2% | +391.2% |
| 2020 | -3.3% | -15.7% | -10.2% |
| 2019 | +49.7% | +62.2% | -28.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Centralina Economic Development Commission Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Centralina Economic Development Commission Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $937, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization with revenues fluctuating between $112,177 and $577,620.
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 Centralina Economic Development Commission Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $577,620 in 2022 down to $228,144 in 2023) could indicate reliance on unpredictable funding sources.
- Lack of detailed functional expense breakdown in summary data limits full spending efficiency analysis.
Strengths
The following positive indicators were identified for Centralina Economic Development Commission Inc:
- Consistent 0% officer compensation across all filings demonstrates a strong commitment to directing funds towards the mission.
- Expenses closely match revenue annually, indicating efficient utilization of funds rather than excessive accumulation.
- Consistent IRS 990 filing history (13 filings) shows strong regulatory compliance and transparency.
- Maintained positive net assets in most years, indicating financial stability despite revenue fluctuations.
Frequently Asked Questions about Centralina Economic Development Commission Inc
Is Centralina Economic Development Commission Inc a legitimate charity?
Centralina Economic Development Commission Inc (EIN: 203344901) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $190K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Centralina Economic Development Commission Inc spend its money?
Centralina Economic Development Commission Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Centralina Economic Development Commission Inc tax-deductible?
Centralina Economic Development Commission Inc is registered as a tax-exempt nonprofit (EIN: 203344901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Centralina Economic Development Commission Inc CEO make?
Centralina Economic Development Commission Inc's highest-compensated officer earns $112,177 annually. The organization reported $190K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Centralina Economic Development Commission Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Centralina Economic Development Commission Inc is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centralina Economic Development Commission Inc located?
Centralina Economic Development Commission Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 203344901. It is classified under NTEE code S30.
How many years of IRS 990 filings does Centralina Economic Development Commission Inc have?
Centralina Economic Development Commission Inc 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 $190K in total revenue.
How does Centralina Economic Development Commission Inc operate without any reported officer compensation?
The provided data consistently shows 0% officer compensation across all 13 filings. This could imply that executive functions are performed by volunteers, seconded staff from partner organizations, or through contractual arrangements not classified as officer compensation on the 990.
What is the primary source of Centralina Economic Development Commission Inc's revenue?
The provided data only shows total revenue figures, not the specific sources (e.g., grants, contributions, program service revenue). Further investigation into the full 990 forms would be needed to determine the primary revenue streams.
Why did the organization's assets fluctuate significantly, from $175,906 in 2021 to $45,176 in 2023?
Asset fluctuations could be due to various factors such as the timing of grant receipts and expenditures, investments in program-related assets that were later depreciated or disposed of, or changes in cash reserves. Without more detailed financial statements, the exact reasons are unclear.
Filing History
IRS 990 filing history for Centralina Economic Development Commission Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centralina Economic Development Commission Inc's revenue has grown by 412.6%, moving from $45K to $228K. Total assets increased by 229.5% over the same period, from $14K to $45K. Total functional expenses rose by 410.5%, from $45K to $227K. In its most recent filing year (2023), Centralina Economic Development Commission Inc reported a surplus of $937, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $228K | $227K | $45K | $0 | — | — |
| 2022 | $578K | $574K | $72K | $27K | — | — |
| 2021 | $319K | $312K | $176K | $135K | — | View 990 |
| 2020 | $191K | $183K | $36K | $2K | — | View 990 |
| 2019 | $197K | $217K | $40K | $14K | — | View 990 |
| 2018 | $132K | $134K | $56K | $0 | — | View 990 |
| 2017 | $157K | $109K | $58K | $0 | — | View 990 |
| 2016 | $116K | $0 | $11K | $0 | — | View 990 |
| 2015 | $132K | $129K | $12K | $0 | — | View 990 |
| 2014 | $112K | $113K | $8K | $0 | — | View 990 |
| 2013 | $125K | $105K | $19K | $0 | — | View 990 |
| 2012 | $147K | $147K | $18K | $18K | — | View 990 |
| 2011 | $45K | $45K | $14K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $228K, expenses of $227K, and assets of $45K (revenue -60.5% year-over-year).
- 2022: Revenue of $578K, expenses of $574K, and assets of $72K (revenue +81.1% year-over-year).
- 2021: Revenue of $319K, expenses of $312K, and assets of $176K (revenue +67.0% year-over-year).
- 2020: Revenue of $191K, expenses of $183K, and assets of $36K (revenue -3.3% year-over-year).
- 2019: Revenue of $197K, expenses of $217K, and assets of $40K (revenue +49.7% year-over-year).
- 2018: Revenue of $132K, expenses of $134K, and assets of $56K (revenue -15.9% year-over-year).
- 2017: Revenue of $157K, expenses of $109K, and assets of $58K (revenue +34.8% year-over-year).
- 2016: Revenue of $116K, expenses of $0, and assets of $11K (revenue -12.1% year-over-year).
- 2015: Revenue of $132K, expenses of $129K, and assets of $12K (revenue +17.9% year-over-year).
- 2014: Revenue of $112K, expenses of $113K, and assets of $8K (revenue -10.0% year-over-year).
- 2013: Revenue of $125K, expenses of $105K, and assets of $19K (revenue -15.2% year-over-year).
- 2012: Revenue of $147K, expenses of $147K, and assets of $18K (revenue +230.3% year-over-year).
- 2011: Revenue of $45K, expenses of $45K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centralina Economic Development Commission Inc:
Data Sources and Methodology
This transparency report for Centralina Economic Development Commission Inc 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.