Clinton Economic Development Corporation

Clinton Economic Development Corporation maintains substantial assets with fluctuating revenue and no reported executive compensation.

EIN: 141864437 · Clinton, SC · NTEE: S30 · Updated: 2026-03-28

$254KRevenue

$6.7MAssets

85/100Mission Score (Excellent)

S30

About Clinton Economic Development Corporation

Clinton Economic Development Corporation (EIN: 141864437) is a nonprofit organization based in Clinton, SC, classified under NTEE code S30. The organization reported total revenue of $254K and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clinton Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Clinton Economic Development Corporation demonstrates a generally healthy financial position with substantial assets relative to its annual revenue. In the 202106 period, the organization reported $6,713,791 in assets against $254,028 in revenue and $71,006 in expenses, indicating a strong balance sheet. The organization consistently reports zero officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, the significant fluctuation in revenue, from a high of $1,050,934 in 201806 to $254,028 in 202106, suggests potential variability in funding sources or project-based income. The low expense ratios relative to revenue in most years (e.g., $71,006 expenses on $254,028 revenue in 202106) could indicate efficient operations or a focus on asset accumulation and long-term development projects rather than immediate high program spending. Further details on program spending versus administrative and fundraising costs would provide a clearer picture of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Clinton Economic Development Corporation 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: 85%
fundraising: 5%

According to IRS 990 filings, Clinton Economic Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor perception and resource allocation.

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 Clinton Economic Development Corporation's IRS 990 filings:

Significant year-over-year revenue volatility, potentially indicating unstable funding sources.
High liabilities relative to assets in some periods (e.g., $4,231,409 liabilities vs. $6,713,791 assets in 202106), though this is common for development corporations with long-term debt.

Strengths

The following positive indicators were identified for Clinton Economic Development Corporation:

Consistently reports 0% officer compensation, indicating strong financial stewardship regarding executive pay.
Maintains substantial assets ($6,713,791 in 202106), providing a strong financial foundation.
Generally low expense ratios relative to revenue, suggesting efficient operations.
Long filing history (11 filings) demonstrates consistent compliance and longevity.

Frequently Asked Questions about Clinton Economic Development Corporation

What are the primary sources of the Clinton Economic Development Corporation's revenue, given its significant fluctuations?

The filing data shows substantial revenue fluctuations, from $2,400 in 201706 to over $1 million in 201606, 201506, and 201806, then down to $254,028 in 202106. This suggests reliance on grants, specific project funding, or capital campaigns rather than consistent operational income.

How does the organization manage to operate with consistently low expenses relative to its assets and revenue?

In 202106, expenses were $71,006 against $254,028 in revenue and $6,713,791 in assets. This low expense ratio, especially compared to its substantial assets, might indicate a lean operational model, significant volunteer involvement, or a focus on long-term investments rather than high immediate program outlays.

What specific economic development programs does the organization fund or operate?

The provided IRS 990 data does not detail specific programs. Given its NTEE code S30 (Economic Development), it likely focuses on initiatives like business attraction, retention, infrastructure development, or workforce training within Clinton, SC.

Filing History

IRS 990 filing history for Clinton Economic Development Corporation showing financial trends over 11 years of public records:

Total assets increased by 269.5% over the same period, from $1.8M to $6.7M. Total functional expenses rose by 17.9%, from $60K to $71K. In its most recent filing year (2021), Clinton Economic Development Corporation reported a surplus of $183K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $6.7M in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $2.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2021	$254K	$71K	$6.7M	$4.2M	—	—
2020	$310K	$48K	$6.6M	$4.3M	—	View 990
2019	$654K	$57K	$6.1M	$4.2M	—	View 990
2018	$1.1M	$25K	$5.1M	$4.0M	—	View 990
2017	$2K	$343K	$952K	$883K	—	View 990
2016	$1.0M	$649K	$4.0M	$1.3M	—	View 990
2015	$1.2M	$127K	$3.5M	$1.2M	—	View 990
2014	$280K	$94K	$2.6M	$1.3M	—	View 990
2013	$397K	$62K	$2.6M	$1.5M	—	View 990
2012	$273K	$178K	$1.9M	$1.1M	—	View 990
2011	$0	$60K	$1.8M	$1.1M	—	View 990

Year-by-Year Financial Summary

2021: Revenue of $254K, expenses of $71K, and assets of $6.7M (revenue -18.1% year-over-year).
2020: Revenue of $310K, expenses of $48K, and assets of $6.6M (revenue -52.5% year-over-year).
2019: Revenue of $654K, expenses of $57K, and assets of $6.1M (revenue -37.8% year-over-year).
2018: Revenue of $1.1M, expenses of $25K, and assets of $5.1M (revenue +43688.9% year-over-year).
2017: Revenue of $2K, expenses of $343K, and assets of $952K (revenue -99.8% year-over-year).
2016: Revenue of $1.0M, expenses of $649K, and assets of $4.0M (revenue -11.5% year-over-year).
2015: Revenue of $1.2M, expenses of $127K, and assets of $3.5M (revenue +317.2% year-over-year).
2014: Revenue of $280K, expenses of $94K, and assets of $2.6M (revenue -29.6% year-over-year).
2013: Revenue of $397K, expenses of $62K, and assets of $2.6M (revenue +45.8% year-over-year).
2012: Revenue of $273K, expenses of $178K, and assets of $1.9M.
2011: Revenue of $0, expenses of $60K, and assets of $1.8M.

Data Sources and Methodology

This transparency report for Clinton 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.