Community And Economic Development Associates
EIN: 411560462 · Chatfield, MN · NTEE: S32Z
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.6M |
| Net Assets | $2.3M |
Is Community And Economic Development Associates Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Community And Economic Development Associates
Community And Economic Development Associates (EIN: 411560462) is a nonprofit organization based in Chatfield, MN, classified under NTEE code S32Z. The organization reported total revenue of $4.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community And Economic Development Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community And Economic Development Associates is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $2.5M |
| Total Liabilities | $182K |
| Net Assets | $2.3M |
| Operating Margin | 23.4% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Community And Economic Development Associates reported a surplus of $1.1M with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community And Economic Development Associates's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.6% | +23.5% | +76.4% |
| 2022 | -7.9% | +15.9% | -13.8% |
| 2021 | -1.3% | +12.9% | -1.4% |
| 2020 | +48.9% | +22.1% | +169.8% |
| 2019 | +30.0% | +9.0% | +25.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Community And Economic Development Associates 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 Community And Economic Development Associates 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Community And Economic Development Associates
Is Community And Economic Development Associates a legitimate charity?
Based on AI analysis of IRS 990 filings, Community And Economic Development Associates (EIN: 411560462) insufficient data. 0 red flags identified, 0 strengths noted.
How does Community And Economic Development Associates spend its money?
Detailed spending breakdown data is not yet available for Community And Economic Development Associates. Check back for updated IRS 990 analysis.
Are donations to Community And Economic Development Associates tax-deductible?
Community And Economic Development Associates is registered as a tax-exempt nonprofit (EIN: 411560462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Community And Economic Development Associates located?
Community And Economic Development Associates is headquartered in Chatfield, Minnesota and files with the IRS under EIN 411560462. It is classified under NTEE code S32Z.
How many years of IRS 990 filings does Community And Economic Development Associates have?
Community And Economic Development Associates 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 $4.3M in total revenue.
Filing History
IRS 990 filing history for Community And Economic Development Associates showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community And Economic Development Associates's revenue has grown by 355.5%, moving from $1.0M to $4.7M. Total assets increased by 284% over the same period, from $656K to $2.5M. Total functional expenses rose by 265.9%, from $975K to $3.6M. In its most recent filing year (2023), Community And Economic Development Associates reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $182K in liabilities against $2.5M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $3.6M | $2.5M | $182K | — | — |
| 2022 | $2.6M | $2.9M | $1.4M | $180K | — | — |
| 2021 | $2.8M | $2.5M | $1.7M | $128K | — | View 990 |
| 2020 | $2.9M | $2.2M | $1.7M | $488K | — | View 990 |
| 2019 | $1.9M | $1.8M | $623K | $90K | — | View 990 |
| 2018 | $1.5M | $1.7M | $496K | $79K | — | View 990 |
| 2017 | $1.3M | $1.3M | $673K | $78K | — | View 990 |
| 2016 | $1.1M | $1.2M | $665K | $30K | — | View 990 |
| 2015 | $1.2M | $1.1M | $761K | $61K | — | View 990 |
| 2014 | $1.0M | $1.0M | $614K | $59K | — | View 990 |
| 2013 | $905K | $924K | $622K | $102K | — | View 990 |
| 2012 | $903K | $917K | $627K | $88K | — | View 990 |
| 2011 | $1.0M | $975K | $656K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $3.6M, and assets of $2.5M (revenue +78.6% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.9M, and assets of $1.4M (revenue -7.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.5M, and assets of $1.7M (revenue -1.3% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.2M, and assets of $1.7M (revenue +48.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $623K (revenue +30.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $496K (revenue +18.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $673K (revenue +9.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $665K (revenue -7.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $761K (revenue +17.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $614K (revenue +15.4% year-over-year).
- 2013: Revenue of $905K, expenses of $924K, and assets of $622K (revenue +0.2% year-over-year).
- 2012: Revenue of $903K, expenses of $917K, and assets of $627K (revenue -11.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $975K, and assets of $656K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community And Economic Development Associates:
Data Sources and Methodology
This transparency report for Community And Economic Development Associates 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.