Edc Inc The Economic Development Council For The Peoria Area
EIN: 371104504 · Peoria, IL
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Net Assets | $917K |
Is Edc Inc The Economic Development Council For The Peoria Area Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Edc Inc The Economic Development Council For The Peoria Area
Edc Inc The Economic Development Council For The Peoria Area (EIN: 371104504) is a nonprofit organization based in Peoria, IL. The organization reported total revenue of $1.7M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edc Inc The Economic Development Council For The Peoria Area's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edc Inc The Economic Development Council For The Peoria Area is a mid-size nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-77,098 |
| Total Assets | $1.1M |
| Total Liabilities | $220K |
| Net Assets | $917K |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 10.2 months |
Financial Health Grade: B
In 2023, Edc Inc The Economic Development Council For The Peoria Area reported a deficit of $77K with expenses exceeding revenue, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Edc Inc The Economic Development Council For The Peoria Area's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | -1.5% | -11.6% |
| 2022 | -15.9% | +6.8% | +0.1% |
| 2021 | +28.0% | +16.3% | +32.7% |
| 2020 | -3.3% | -8.4% | +5.2% |
| 2019 | +21.6% | +7.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Edc Inc The Economic Development Council For The Peoria Area 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 Edc Inc The Economic Development Council For The Peoria Area 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 deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.3%.
Frequently Asked Questions about Edc Inc The Economic Development Council For The Peoria Area
Is Edc Inc The Economic Development Council For The Peoria Area a legitimate charity?
Edc Inc The Economic Development Council For The Peoria Area (EIN: 371104504) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: B.
How does Edc Inc The Economic Development Council For The Peoria Area spend its money?
Edc Inc The Economic Development Council For The Peoria Area reported $1.7M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Edc Inc The Economic Development Council For The Peoria Area tax-deductible?
Edc Inc The Economic Development Council For The Peoria Area is registered as a tax-exempt nonprofit (EIN: 371104504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Edc Inc The Economic Development Council For The Peoria Area located?
Edc Inc The Economic Development Council For The Peoria Area is headquartered in Peoria, Illinois and files with the IRS under EIN 371104504.
How many years of IRS 990 filings does Edc Inc The Economic Development Council For The Peoria Area have?
Edc Inc The Economic Development Council For The Peoria Area 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Edc Inc The Economic Development Council For The Peoria Area showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Edc Inc The Economic Development Council For The Peoria Area's revenue has grown by 12.5%, moving from $1.1M to $1.3M. Total assets increased by 111.4% over the same period, from $538K to $1.1M. Total functional expenses rose by 24.1%, from $1.1M to $1.3M. In its most recent filing year (2023), Edc Inc The Economic Development Council For The Peoria Area reported a deficit of $77K, with expenses exceeding revenue. The organization holds $220K in liabilities against $1.1M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $917K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $1.1M | $220K | — | View 990 |
| 2022 | $1.2M | $1.4M | $1.3M | $292K | — | — |
| 2021 | $1.5M | $1.3M | $1.3M | $174K | — | View 990 |
| 2020 | $1.1M | $1.1M | $969K | $44K | — | — |
| 2019 | $1.2M | $1.2M | $920K | $43K | — | — |
| 2018 | $972K | $1.1M | $911K | $31K | — | View 990 |
| 2017 | $1.3M | $1.3M | $1.1M | $98K | — | — |
| 2016 | $1.2M | $1.0M | $1.2M | $226K | — | View 990 |
| 2015 | $1.1M | $742K | $783K | $68K | — | View 990 |
| 2014 | $515K | $296K | $355K | $41K | — | View 990 |
| 2014 | $510K | $415K | $161K | $65K | — | View 990 |
| 2013 | $537K | $599K | $64K | $63K | — | View 990 |
| 2012 | $1.0M | $1.3M | $298K | $235K | — | View 990 |
| 2011 | $1.1M | $1.1M | $538K | $241K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue +2.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.4M, and assets of $1.3M (revenue -15.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $1.3M (revenue +28.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $969K (revenue -3.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $920K (revenue +21.6% year-over-year).
- 2018: Revenue of $972K, expenses of $1.1M, and assets of $911K (revenue -24.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue +6.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.2M (revenue +8.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $742K, and assets of $783K (revenue +117.8% year-over-year).
- 2014: Revenue of $515K, expenses of $296K, and assets of $355K (revenue +1.0% year-over-year).
- 2014: Revenue of $510K, expenses of $415K, and assets of $161K (revenue -5.1% year-over-year).
- 2013: Revenue of $537K, expenses of $599K, and assets of $64K (revenue -47.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.3M, and assets of $298K (revenue -9.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $538K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edc Inc The Economic Development Council For The Peoria Area:
Data Sources and Methodology
This transparency report for Edc Inc The Economic Development Council For The Peoria Area 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.