Cumberland Area Economic Development Corporation
Cumberland Area Economic Development Corporation consistently grows assets with zero reported officer compensation.
EIN: 202254486 · Mechanicsburg, PA · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| Net Assets | $7.5M |
| Transparency Score | 90/100 |
Is Cumberland Area Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cumberland Area Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cumberland Area Economic Development Corporation
Cumberland Area Economic Development Corporation (EIN: 202254486) is a nonprofit organization based in Mechanicsburg, PA, classified under NTEE code S30. The organization reported total revenue of $4.5M and total assets of $10.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cumberland Area Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cumberland Area Economic Development Corporation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$357K |
| Total Assets | $9.3M |
| Total Liabilities | $1.8M |
| Net Assets | $7.5M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 19.8% |
| Months of Reserves | 40.1 months |
Financial Health Grade: A
In 2023, Cumberland Area Economic Development Corporation reported a surplus of $357K with revenue exceeding expenses, holds 40.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cumberland Area Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.3% | +29.1% | +7.3% |
| 2022 | -34.7% | -55.0% | +22.2% |
| 2021 | +191.8% | +110.5% | +17.6% |
| 2020 | -22.7% | -21.9% | -14.0% |
| 2019 | -0.1% | +5.1% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Cumberland Area Economic Development Corporation with a Mission Score of 90 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, Cumberland Area 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $357K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-led or externally funded leadership structure, or that compensation is reported under other expense categories not specified as 'officer comp'.
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 Cumberland Area Economic Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Cumberland Area Economic Development Corporation:
- Consistent asset growth, from $3.5M in 2014 to $9.3M in 2023, demonstrating strong financial management.
- Positive net revenue in most recent periods (e.g., $357,485 in 2023 and $1,834,002 in 2022), indicating financial sustainability.
- Zero reported officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
- Strong NTEE code (S30 - Economic Development) aligns with the organization's name and mission.
Frequently Asked Questions about Cumberland Area Economic Development Corporation
Is Cumberland Area Economic Development Corporation a legitimate charity?
Cumberland Area Economic Development Corporation (EIN: 202254486) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Cumberland Area Economic Development Corporation spend its money?
Cumberland Area Economic Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cumberland Area Economic Development Corporation tax-deductible?
Cumberland Area Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 202254486). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cumberland Area Economic Development Corporation's spending goes to programs?
Cumberland Area Economic Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cumberland Area Economic Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Cumberland Area Economic Development Corporation 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 Cumberland Area Economic Development Corporation located?
Cumberland Area Economic Development Corporation is headquartered in Mechanicsburg, Pennsylvania and files with the IRS under EIN 202254486. It is classified under NTEE code S30.
How many years of IRS 990 filings does Cumberland Area Economic Development Corporation have?
Cumberland Area Economic Development Corporation 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 $4.5M in total revenue.
How does CAEDC manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within their expense reporting, which would warrant further investigation into their detailed Form 990s.
What is the trend in CAEDC's liabilities?
Liabilities have fluctuated, showing a significant increase from $126,050 in 2014 to a peak of $3,365,702 in 2019, then decreasing to $1,844,377 in 2023. This fluctuation suggests varying levels of debt or obligations over time, which could be tied to specific projects or financing activities.
Is CAEDC financially stable given its revenue and expense fluctuations?
Despite fluctuations in revenue and expenses, CAEDC has consistently maintained positive net assets and grown its total assets from $3.5 million in 2014 to over $9.3 million in 2023, indicating long-term financial stability and growth.
Filing History
IRS 990 filing history for Cumberland Area Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cumberland Area Economic Development Corporation's revenue has grown by 47.7%, moving from $2.1M to $3.1M. Total assets increased by 234.5% over the same period, from $2.8M to $9.3M. Total functional expenses rose by 90.3%, from $1.5M to $2.8M. In its most recent filing year (2023), Cumberland Area Economic Development Corporation reported a surplus of $357K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $9.3M in assets (debt-to-asset ratio: 19.8%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $2.8M | $9.3M | $1.8M | — | — |
| 2022 | $4.0M | $2.2M | $8.7M | $1.6M | — | View 990 |
| 2021 | $6.1M | $4.8M | $7.1M | $1.8M | — | View 990 |
| 2020 | $2.1M | $2.3M | $6.0M | $2.1M | — | View 990 |
| 2019 | $2.7M | $2.9M | $7.0M | $3.4M | — | View 990 |
| 2018 | $2.7M | $2.8M | $6.7M | $2.9M | — | View 990 |
| 2017 | $2.9M | $3.0M | $5.1M | $1.2M | — | View 990 |
| 2016 | $2.6M | $2.2M | $4.4M | $515K | — | View 990 |
| 2015 | $2.2M | $2.0M | $3.9M | $375K | — | View 990 |
| 2014 | $1.9M | $1.8M | $3.5M | $126K | — | View 990 |
| 2013 | $1.8M | $1.5M | $3.4M | $127K | — | View 990 |
| 2012 | $1.8M | $1.4M | $3.0M | $54K | — | View 990 |
| 2011 | $2.1M | $1.5M | $2.8M | $215K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $2.8M, and assets of $9.3M (revenue -21.3% year-over-year).
- 2022: Revenue of $4.0M, expenses of $2.2M, and assets of $8.7M (revenue -34.7% year-over-year).
- 2021: Revenue of $6.1M, expenses of $4.8M, and assets of $7.1M (revenue +191.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $6.0M (revenue -22.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.9M, and assets of $7.0M (revenue -0.1% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.8M, and assets of $6.7M (revenue -7.4% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.0M, and assets of $5.1M (revenue +14.0% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.2M, and assets of $4.4M (revenue +17.5% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $3.9M (revenue +17.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.8M, and assets of $3.5M (revenue +4.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $3.4M (revenue -0.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.4M, and assets of $3.0M (revenue -16.0% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.5M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cumberland Area Economic Development Corporation:
Data Sources and Methodology
This transparency report for Cumberland Area 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.