Economic Development Center Ofwashington County Inc
Economic Development Center Ofwashington County Inc shows consistent growth and zero reported officer compensation over a decade.
EIN: 208973389 · Greenville, MS · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $749K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $750,000 |
| Net Assets | $585K |
| Transparency Score | 90/100 |
Is Economic Development Center Ofwashington County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Economic Development Center Ofwashington County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Development Center Ofwashington County Inc
Economic Development Center Ofwashington County Inc (EIN: 208973389) is a nonprofit organization based in Greenville, MS, classified under NTEE code S41. The organization reported total revenue of $1.2M and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Development Center Ofwashington County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Development Center Ofwashington County Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2000–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $756K |
| Total Expenses | $749K |
| Surplus / Deficit | +$6K |
| Total Assets | $633K |
| Total Liabilities | $48K |
| Net Assets | $585K |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Economic Development Center Ofwashington County Inc reported a surplus of $6K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 14 years of filings (2000–2023), Economic Development Center Ofwashington County Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | +32.8% | +4.2% |
| 2022 | -0.9% | -5.4% | +15.2% |
| 2021 | +5.8% | +16.7% | +10.7% |
| 2020 | +5.7% | -5.7% | +37.7% |
| 2019 | +15.8% | +4.4% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2007 |
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 Economic Development Center Ofwashington County Inc 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, Economic Development Center Ofwashington County Inc 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 $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, indicating that no salaries or other compensation were paid to officers, which is highly unusual for an organization of its size with over $750,000 in annual revenue.
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 Economic Development Center Ofwashington County Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities not immediately apparent.
Strengths
The following positive indicators were identified for Economic Development Center Ofwashington County Inc:
- Consistent revenue growth over a decade, from $479,794 in 2014 to $755,651 in 2023.
- Strong financial stability with growing assets ($309,858 in 2014 to $632,801 in 2023) and manageable liabilities.
- Remarkable transparency in officer compensation, consistently reporting 0% across all filings.
- Efficient spending, with expenses closely tracking revenue, indicating funds are actively deployed for the mission.
Frequently Asked Questions about Economic Development Center Ofwashington County Inc
Is Economic Development Center Ofwashington County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Economic Development Center Ofwashington County Inc (EIN: 208973389) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Economic Development Center Ofwashington County Inc spend its money?
Economic Development Center Ofwashington County Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Economic Development Center Ofwashington County Inc tax-deductible?
Economic Development Center Ofwashington County Inc is registered as a tax-exempt nonprofit (EIN: 208973389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Economic Development Center Ofwashington County Inc CEO make?
Economic Development Center Ofwashington County Inc's highest-compensated officer earns $750,000 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Economic Development Center Ofwashington County Inc's spending goes to programs?
Economic Development Center Ofwashington County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Economic Development Center Ofwashington County Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Economic Development Center Ofwashington County Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Development Center Ofwashington County Inc located?
Economic Development Center Ofwashington County Inc is headquartered in Greenville, Mississippi and files with the IRS under EIN 208973389. It is classified under NTEE code S41.
How many years of IRS 990 filings does Economic Development Center Ofwashington County Inc have?
Economic Development Center Ofwashington County 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 $1.2M in total revenue.
Is Economic Development Center Ofwashington County Inc a good charity?
Based on the provided data, the organization demonstrates strong financial health, consistent growth, and a remarkable commitment to directing funds towards its mission by reporting 0% officer compensation. These factors suggest it is a well-managed and impactful charity.
How has the organization's revenue changed over time?
The organization's revenue has shown a consistent upward trend, increasing from $479,794 in 2014 to $755,651 in 2023, representing significant growth in its financial capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no compensation is paid to its officers, which is a highly transparent and mission-focused approach.
How stable are the organization's assets and liabilities?
The organization's assets have steadily grown from $309,858 in 2014 to $632,801 in 2023, while liabilities have remained relatively low and manageable, indicating strong financial stability.
Filing History
IRS 990 filing history for Economic Development Center Ofwashington County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2000–2023), Economic Development Center Ofwashington County Inc's revenue has grown by 60.1%, moving from $472K to $756K. Total assets increased by 103.7% over the same period, from $311K to $633K. Total functional expenses rose by 56.6%, from $479K to $749K. In its most recent filing year (2023), Economic Development Center Ofwashington County Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $48K in liabilities against $633K in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $585K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $756K | $749K | $633K | $48K | — | — |
| 2022 | $645K | $564K | $607K | $29K | — | View 990 |
| 2021 | $651K | $596K | $527K | $63K | — | View 990 |
| 2020 | $615K | $511K | $476K | $67K | — | — |
| 2019 | $582K | $542K | $345K | $41K | — | View 990 |
| 2018 | $503K | $519K | $309K | $48K | — | View 990 |
| 2017 | $498K | $496K | $304K | $26K | — | View 990 |
| 2016 | $472K | $479K | $311K | $34K | — | View 990 |
| 2015 | $476K | $465K | $304K | $20K | — | View 990 |
| 2014 | $480K | $502K | $310K | $37K | — | View 990 |
| 2013 | $436K | $439K | $328K | $33K | — | View 990 |
| 2012 | $383K | $417K | $301K | $3K | — | View 990 |
| 2011 | $371K | $441K | $363K | $31K | — | View 990 |
| 2000 | $472K | $479K | $311K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $756K, expenses of $749K, and assets of $633K (revenue +17.2% year-over-year).
- 2022: Revenue of $645K, expenses of $564K, and assets of $607K (revenue -0.9% year-over-year).
- 2021: Revenue of $651K, expenses of $596K, and assets of $527K (revenue +5.8% year-over-year).
- 2020: Revenue of $615K, expenses of $511K, and assets of $476K (revenue +5.7% year-over-year).
- 2019: Revenue of $582K, expenses of $542K, and assets of $345K (revenue +15.8% year-over-year).
- 2018: Revenue of $503K, expenses of $519K, and assets of $309K (revenue +1.0% year-over-year).
- 2017: Revenue of $498K, expenses of $496K, and assets of $304K (revenue +5.5% year-over-year).
- 2016: Revenue of $472K, expenses of $479K, and assets of $311K (revenue -0.8% year-over-year).
- 2015: Revenue of $476K, expenses of $465K, and assets of $304K (revenue -0.8% year-over-year).
- 2014: Revenue of $480K, expenses of $502K, and assets of $310K (revenue +10.1% year-over-year).
- 2013: Revenue of $436K, expenses of $439K, and assets of $328K (revenue +13.7% year-over-year).
- 2012: Revenue of $383K, expenses of $417K, and assets of $301K (revenue +3.4% year-over-year).
- 2011: Revenue of $371K, expenses of $441K, and assets of $363K (revenue -21.5% year-over-year).
- 2000: Revenue of $472K, expenses of $479K, and assets of $311K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Development Center Ofwashington County Inc:
Data Sources and Methodology
This transparency report for Economic Development Center Ofwashington County 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.