Chinese Economic Development Council Inc
EIN: 42565019 · Boston, MA · NTEE: P84Z
| Metric | Value |
|---|---|
| Total Revenue | $946K |
| Total Expenses | $4K |
| Net Assets | $5.1M |
Is Chinese Economic Development Council Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chinese Economic Development Council Inc
Chinese Economic Development Council Inc (EIN: 42565019) is a nonprofit organization based in Boston, MA, classified under NTEE code P84Z. The organization reported total revenue of $946K and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chinese Economic Development Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chinese Economic Development Council Inc is a small nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $430K |
| Total Expenses | $4K |
| Surplus / Deficit | +$426K |
| Total Assets | $5.3M |
| Total Liabilities | $161K |
| Net Assets | $5.1M |
| Operating Margin | 99.1% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 15747.0 months |
Financial Health Grade: A
In 2023, Chinese Economic Development Council Inc reported a surplus of $426K with revenue exceeding expenses, holds 15747.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Chinese Economic Development Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 25.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.2% | -54.2% | +8.2% |
| 2022 | +67.8% | -43.1% | +5.6% |
| 2021 | +48.8% | +7792.9% | +5.1% |
| 2020 | -66.4% | -91.8% | +0.6% |
| 2020 | +18.6% | +225.5% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chinese Economic Development Council Inc 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 Chinese Economic Development Council Inc 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 $426K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Chinese Economic Development Council Inc
Is Chinese Economic Development Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chinese Economic Development Council Inc (EIN: 42565019) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chinese Economic Development Council Inc spend its money?
Detailed spending breakdown data is not yet available for Chinese Economic Development Council Inc. Check back for updated IRS 990 analysis.
Are donations to Chinese Economic Development Council Inc tax-deductible?
Chinese Economic Development Council Inc is registered as a tax-exempt nonprofit (EIN: 42565019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chinese Economic Development Council Inc located?
Chinese Economic Development Council Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 42565019. It is classified under NTEE code P84Z.
How many years of IRS 990 filings does Chinese Economic Development Council Inc have?
Chinese Economic Development Council Inc has 14 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 $946K in total revenue.
Filing History
IRS 990 filing history for Chinese Economic Development Council Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Chinese Economic Development Council Inc's revenue has grown by 1385.6%, moving from $29K to $430K. Total assets increased by 149.7% over the same period, from $2.1M to $5.3M. Total functional expenses fell by 54.4%, from $9K to $4K. In its most recent filing year (2023), Chinese Economic Development Council Inc reported a surplus of $426K, with revenue exceeding expenses. The organization holds $161K in liabilities against $5.3M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $430K | $4K | $5.3M | $161K | — | — |
| 2022 | $355K | $9K | $4.9M | $146K | — | View 990 |
| 2021 | $211K | $15K | $4.6M | $172K | — | View 990 |
| 2020 | $142K | $196 | $4.4M | $172K | — | — |
| 2020 | $422K | $2K | $4.4M | $146K | — | — |
| 2019 | $356K | $736 | $4.0M | $146K | — | View 990 |
| 2018 | $282K | $73K | $4.4M | $887K | — | View 990 |
| 2017 | $35K | $73K | $2.6M | $887K | — | View 990 |
| 2016 | $28K | $40K | $2.6M | $887K | — | View 990 |
| 2015 | $27K | $5K | $2.6M | $887K | — | View 990 |
| 2014 | $18K | $10K | $2.6M | $886K | — | View 990 |
| 2013 | $47K | $5K | $2.6M | $856K | — | View 990 |
| 2012 | $33K | $4K | $2.5M | $856K | — | View 990 |
| 2011 | $29K | $9K | $2.1M | $496K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $430K, expenses of $4K, and assets of $5.3M (revenue +21.2% year-over-year).
- 2022: Revenue of $355K, expenses of $9K, and assets of $4.9M (revenue +67.8% year-over-year).
- 2021: Revenue of $211K, expenses of $15K, and assets of $4.6M (revenue +48.8% year-over-year).
- 2020: Revenue of $142K, expenses of $196, and assets of $4.4M (revenue -66.4% year-over-year).
- 2020: Revenue of $422K, expenses of $2K, and assets of $4.4M (revenue +18.6% year-over-year).
- 2019: Revenue of $356K, expenses of $736, and assets of $4.0M (revenue +26.1% year-over-year).
- 2018: Revenue of $282K, expenses of $73K, and assets of $4.4M (revenue +710.2% year-over-year).
- 2017: Revenue of $35K, expenses of $73K, and assets of $2.6M (revenue +22.7% year-over-year).
- 2016: Revenue of $28K, expenses of $40K, and assets of $2.6M (revenue +6.0% year-over-year).
- 2015: Revenue of $27K, expenses of $5K, and assets of $2.6M (revenue +52.2% year-over-year).
- 2014: Revenue of $18K, expenses of $10K, and assets of $2.6M (revenue -62.9% year-over-year).
- 2013: Revenue of $47K, expenses of $5K, and assets of $2.6M (revenue +43.1% year-over-year).
- 2012: Revenue of $33K, expenses of $4K, and assets of $2.5M (revenue +14.6% year-over-year).
- 2011: Revenue of $29K, expenses of $9K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chinese Economic Development Council Inc:
Data Sources and Methodology
This transparency report for Chinese Economic Development Council 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.