Charlestown Economic Development Association Inc
Charlestown Economic Development Association: Consistent Growth, Low Overhead, but Limited Public Information
EIN: 222484460 · Charlestown, NH · NTEE: S30 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $26K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $381K |
| Transparency Score | 75/100 |
Is Charlestown Economic Development Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charlestown Economic Development Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Charlestown Economic Development Association Inc
Charlestown Economic Development Association Inc (EIN: 222484460) is a nonprofit organization based in Charlestown, NH, classified under NTEE code S30. The organization reported total revenue of $61K and total assets of $415K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charlestown Economic Development Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charlestown Economic Development Association Inc is a micro nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $26K |
| Surplus / Deficit | +$11K |
| Total Assets | $381K |
| Net Assets | $381K |
| Operating Margin | 29.2% |
| Months of Reserves | 173.3 months |
Financial Health Grade: A
In 2023, Charlestown Economic Development Association Inc reported a surplus of $11K with revenue exceeding expenses, holds 173.3 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Charlestown Economic Development Association Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.7% | +3.4% | +2.9% |
| 2021 | -102.4% | -20.9% | +3.0% |
| 2020 | -49.2% | +3.9% | +3.0% |
| 2019 | +89.8% | -21.5% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Charlestown Economic Development Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Charlestown Economic Development Association Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure.
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 Charlestown Economic Development Association Inc's IRS 990 filings:
- Lack of detailed program descriptions or impact reports publicly available.
- Minimal revenue figures suggest a small operational scale, potentially limiting broader economic impact.
Strengths
The following positive indicators were identified for Charlestown Economic Development Association Inc:
- Consistent asset growth over several years demonstrates financial stability.
- Very low administrative and fundraising costs based on reported expenses.
- Zero reported executive compensation indicates a highly efficient and potentially volunteer-driven model.
Frequently Asked Questions about Charlestown Economic Development Association Inc
Is Charlestown Economic Development Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charlestown Economic Development Association Inc (EIN: 222484460) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Charlestown Economic Development Association Inc spend its money?
Charlestown Economic Development Association Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charlestown Economic Development Association Inc tax-deductible?
Charlestown Economic Development Association Inc is registered as a tax-exempt nonprofit (EIN: 222484460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charlestown Economic Development Association Inc CEO make?
Charlestown Economic Development Association Inc's highest-compensated officer earns $0 annually. The organization reported $61K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Charlestown Economic Development Association Inc's spending goes to programs?
Charlestown Economic Development Association Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Charlestown Economic Development Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Charlestown Economic Development Association 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 Charlestown Economic Development Association Inc located?
Charlestown Economic Development Association Inc is headquartered in Charlestown, New Hampshire and files with the IRS under EIN 222484460. It is classified under NTEE code S30.
How many years of IRS 990 filings does Charlestown Economic Development Association Inc have?
Charlestown Economic Development Association Inc has 8 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 $61K in total revenue.
What does Charlestown Economic Development Association Inc do?
Charlestown Economic Development Association Inc is a nonprofit organization in the Community Improvement sector, located in Charlestown, New Hampshire. It is classified under NTEE code S30.
How much revenue does Charlestown Economic Development Association Inc have?
Charlestown Economic Development Association Inc reported total revenue of $60,661. Based on 8 IRS 990 filings on record.
What are Charlestown Economic Development Association Inc's total assets?
Charlestown Economic Development Association Inc holds total assets of $414,649 as reported in IRS 990 filings.
Where is Charlestown Economic Development Association Inc located?
Charlestown Economic Development Association Inc is based in Charlestown, New Hampshire.
What is Charlestown Economic Development Association Inc's EIN?
Charlestown Economic Development Association Inc's Employer Identification Number (EIN) is 222484460. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Charlestown Economic Development Association Inc?
Charlestown Economic Development Association Inc is classified under NTEE code S30 (Community Improvement).
Is Charlestown Economic Development Association Inc a registered 501(c)(3)?
Yes, Charlestown Economic Development Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 222484460.
Does Charlestown Economic Development Association Inc file IRS Form 990?
Yes, Charlestown Economic Development Association Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Charlestown Economic Development Association Inc's revenue in 2023?
In the 202312 filing period, Charlestown Economic Development Association Inc reported total revenue of $37,216, total expenses of $26,360, and net assets of $380,646.
Is Charlestown Economic Development Association Inc's revenue growing or declining?
Charlestown Economic Development Association Inc's revenue is growing. Revenue went from $33,320 (202212) to $37,216 (202312), a +11.7% change. Based on 8 filings on record.
What is Charlestown Economic Development Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Charlestown Economic Development Association Inc covers tax period 202312. It shows revenue of $37,216, expenses of $26,360, total assets of $380,646, and liabilities of N/A.
How much does Charlestown Economic Development Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Charlestown Economic Development Association Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Charlestown Economic Development Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Charlestown Economic Development Association Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Charlestown Economic Development Association Inc?
The following concerns were identified: Lack of detailed program descriptions or impact reports publicly available.. Minimal revenue figures suggest a small operational scale, potentially limiting broader economic impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Charlestown Economic Development Association Inc's strengths?
Positive indicators for Charlestown Economic Development Association Inc include: Consistent asset growth over several years demonstrates financial stability.. Very low administrative and fundraising costs based on reported expenses.. Zero reported executive compensation indicates a highly efficient and potentially volunteer-driven model.. These findings are derived from AI analysis of the organization's financial filings.
How does Charlestown Economic Development Association Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization sustain its operational leadership and strategic direction?
The consistent reporting of $0 for executive compensation suggests the organization may be entirely volunteer-run or relies on pro-bono services, which is highly efficient but could pose sustainability challenges for long-term strategic leadership.
With relatively low annual revenues (e.g., $37,216 in 2023), what specific economic development initiatives does the organization fund and what are their measurable outcomes?
The available data does not detail specific program expenditures or their outcomes. While expenses are low (e.g., $26,360 in 2023), understanding how these funds translate into tangible economic development is crucial for assessing impact.
Filing History
IRS 990 filing history for Charlestown Economic Development Association Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Charlestown Economic Development Association Inc's revenue has declined by 0.1%, moving from $37K to $37K. Total assets increased by 13.8% over the same period, from $334K to $381K. Total functional expenses rose by 16.3%, from $23K to $26K. In its most recent filing year (2023), Charlestown Economic Development Association Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37K | $26K | $381K | $0 | — | — |
| 2022 | $33K | $25K | $370K | $0 | — | View 990 |
| 2021 | $-793 | $19K | $362K | $0 | — | View 990 |
| 2020 | $34K | $23K | $351K | $0 | — | — |
| 2019 | $66K | $23K | $341K | $0 | — | View 990 |
| 2018 | $35K | $29K | $324K | $26K | — | View 990 |
| 2017 | $36K | $25K | $332K | $40K | — | View 990 |
| 2016 | $37K | $23K | $334K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37K, expenses of $26K, and assets of $381K (revenue +11.7% year-over-year).
- 2022: Revenue of $33K, expenses of $25K, and assets of $370K.
- 2021: Revenue of $-793, expenses of $19K, and assets of $362K (revenue -102.4% year-over-year).
- 2020: Revenue of $34K, expenses of $23K, and assets of $351K (revenue -49.2% year-over-year).
- 2019: Revenue of $66K, expenses of $23K, and assets of $341K (revenue +89.8% year-over-year).
- 2018: Revenue of $35K, expenses of $29K, and assets of $324K (revenue -3.9% year-over-year).
- 2017: Revenue of $36K, expenses of $25K, and assets of $332K (revenue -2.9% year-over-year).
- 2016: Revenue of $37K, expenses of $23K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charlestown Economic Development Association Inc:
Data Sources and Methodology
This transparency report for Charlestown Economic Development Association 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.