Coos Economic Development Corporation

Coos Economic Development Corporation shows strong asset growth and no reported officer compensation over the past decade.

EIN: 20493344 · Lancaster, NH · NTEE: S30 · Updated: 2026-03-28

$815KRevenue

$2.9MAssets

92/100Mission Score (Excellent)

S30

About Coos Economic Development Corporation

Coos Economic Development Corporation (EIN: 20493344) is a nonprofit organization based in Lancaster, NH, classified under NTEE code S30. The organization reported total revenue of $815K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coos Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Coos Economic Development Corporation demonstrates a generally stable financial position with fluctuating but often positive net assets over the past decade. The organization's assets have grown significantly from $542,065 in 2014 to $2,552,277 in 2023, indicating a healthy accumulation of resources. Revenue streams have been inconsistent, with peaks like $906,951 in 2021 and lows such as $89,259 in 2014, suggesting reliance on grants or project-based funding which can vary year-to-year. Despite these fluctuations, the organization has consistently managed its expenses, often spending less than its revenue, particularly in recent years like 2023 where revenue was $494,905 against expenses of $348,824.

The organization's spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program activities and operational costs rather than executive salaries. The absence of reported officer compensation also points to a high degree of transparency regarding how funds are allocated, as it indicates either a volunteer-led executive team or compensation below the reporting threshold, which is a positive sign for a nonprofit of its size. The NTEE code S30 (Economic Development) aligns with its mission, and the financial data supports an organization focused on resource accumulation and deployment for its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Coos Economic Development Corporation with a Mission Score of 92 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Coos Economic Development Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation above the IRS reporting threshold, which is highly favorable for an organization of its size with assets of $2,552,277.

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 Coos Economic Development Corporation's IRS 990 filings:

Highly fluctuating revenue streams could indicate reliance on inconsistent funding sources.

Strengths

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

Consistent asset growth from $542,065 in 2014 to $2,552,277 in 2023.
No reported officer compensation across all filings, indicating high program focus.
Expenses generally managed below revenue, contributing to net asset growth.
Strong financial transparency regarding executive compensation.

Frequently Asked Questions about Coos Economic Development Corporation

Is Coos Economic Development Corporation financially stable?

Yes, the organization appears financially stable, with assets growing from $542,065 in 2014 to $2,552,277 in 2023, and generally managing expenses below revenue, particularly in recent years.

How efficient is Coos Economic Development Corporation with its spending?

The organization demonstrates high spending efficiency, as evidenced by 0% reported officer compensation across all filings, suggesting a significant portion of funds are directed towards its mission.

What is the trend in the organization's revenue?

Revenue has been highly variable, ranging from $89,259 in 2014 to $906,951 in 2021, indicating a potentially project-based or grant-dependent funding model.

Filing History

IRS 990 filing history for Coos Economic Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Coos Economic Development Corporation's revenue has grown by 818.2%, moving from $54K to $495K. Total assets increased by 399.9% over the same period, from $511K to $2.6M. Total functional expenses rose by 112%, from $165K to $349K. In its most recent filing year (2023), Coos Economic Development Corporation reported a surplus of $146K, with revenue exceeding expenses. The organization holds $300K in liabilities against $2.6M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $2.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$495K	$349K	$2.6M	$300K	—	—
2022	$205K	$323K	$2.4M	$281K	—	View 990
2021	$907K	$264K	$2.5M	$242K	—	—
2020	$599K	$196K	$1.9M	$245K	—	View 990
2019	$116K	$281K	$1.4M	$166K	—	View 990
2018	$583K	$400K	$1.5M	$145K	—	View 990
2017	$129K	$212K	$1.4M	$160K	—	—
2016	$612K	$178K	$1.4M	$111K	—	View 990
2015	$464K	$131K	$881K	$9K	—	View 990
2014	$89K	$81K	$542K	$4K	—	View 990
2013	$76K	$79K	$530K	$274	—	View 990
2012	$43K	$11K	$533K	$0	—	View 990
2011	$54K	$165K	$511K	$9K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $495K, expenses of $349K, and assets of $2.6M (revenue +141.4% year-over-year).
2022: Revenue of $205K, expenses of $323K, and assets of $2.4M (revenue -77.4% year-over-year).
2021: Revenue of $907K, expenses of $264K, and assets of $2.5M (revenue +51.3% year-over-year).
2020: Revenue of $599K, expenses of $196K, and assets of $1.9M (revenue +416.1% year-over-year).
2019: Revenue of $116K, expenses of $281K, and assets of $1.4M (revenue -80.1% year-over-year).
2018: Revenue of $583K, expenses of $400K, and assets of $1.5M (revenue +352.2% year-over-year).
2017: Revenue of $129K, expenses of $212K, and assets of $1.4M (revenue -78.9% year-over-year).
2016: Revenue of $612K, expenses of $178K, and assets of $1.4M (revenue +31.8% year-over-year).
2015: Revenue of $464K, expenses of $131K, and assets of $881K (revenue +420.1% year-over-year).
2014: Revenue of $89K, expenses of $81K, and assets of $542K (revenue +17.5% year-over-year).
2013: Revenue of $76K, expenses of $79K, and assets of $530K (revenue +76.5% year-over-year).
2012: Revenue of $43K, expenses of $11K, and assets of $533K (revenue -20.1% year-over-year).
2011: Revenue of $54K, expenses of $165K, and assets of $511K.

Data Sources and Methodology

This transparency report for Coos 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.