Gadsden Commercial Development Authority
Gadsden Commercial Development Authority maintains stable finances with consistent revenue and zero officer compensation.
EIN: 200726578 · Gadsden, AL · NTEE: S30 · Updated: 2026-03-28
Is Gadsden Commercial Development Authority Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gadsden Commercial Development Authority directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gadsden Commercial Development Authority
Gadsden Commercial Development Authority (EIN: 200726578) is a nonprofit organization based in Gadsden, AL, classified under NTEE code S30. The organization reported total revenue of $70K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gadsden Commercial Development Authority's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gadsden Commercial Development Authority is a micro 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 -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $114K |
| Total Expenses | $92K |
| Surplus / Deficit | +$22K |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | 19.2% |
| Months of Reserves | 6.4 months |
Financial Health Grade: A
In 2023, Gadsden Commercial Development Authority reported a surplus of $22K with revenue exceeding expenses, holds 6.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Gadsden Commercial Development Authority's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.0% | -36.7% | +52.0% |
| 2022 | +0.0% | +16.9% | -35.3% |
| 2021 | +0.0% | +6.1% | -0.3% |
| 2020 | -8.3% | -5.2% | +18.5% |
| 2019 | -2.7% | +0.7% | +48.5% |
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 Gadsden Commercial Development Authority with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Gadsden Commercial Development Authority allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $22K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation, which is highly unusual for an organization with consistent revenue and expenses.
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 Gadsden Commercial Development Authority's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Consistent zero officer compensation, which, while positive for efficiency, can sometimes obscure how leadership is supported or if it relies on external funding for personnel.
Strengths
The following positive indicators were identified for Gadsden Commercial Development Authority:
- Consistent financial stability with revenues generally covering expenses (e.g., 2023 revenue $113,750 vs. expenses $91,956).
- Strong financial management indicated by zero liabilities in the most recent filing (2023).
- Consistent filing of IRS Form 990s over 13 periods, demonstrating good transparency.
- Zero officer compensation reported across all filings, suggesting a highly efficient or volunteer-driven leadership structure.
- Positive asset growth over the long term (e.g., $8,816 in 2014 to $49,178 in 2023).
Frequently Asked Questions about Gadsden Commercial Development Authority
Is Gadsden Commercial Development Authority a legitimate charity?
Based on AI analysis of IRS 990 filings, Gadsden Commercial Development Authority (EIN: 200726578) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Gadsden Commercial Development Authority spend its money?
Gadsden Commercial Development Authority directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gadsden Commercial Development Authority tax-deductible?
Gadsden Commercial Development Authority is registered as a tax-exempt nonprofit (EIN: 200726578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Gadsden Commercial Development Authority allocate its expenses between program services, administration, and fundraising?
Based on the provided data, a detailed breakdown of expenses is not available. However, given the consistent zero officer compensation and the nature of a development authority, it is inferred that a significant portion of expenses would be directed towards program services and necessary administrative functions.
What specific community development projects or initiatives does the organization fund with its revenue?
The provided IRS 990 data does not detail specific projects or initiatives. The NTEE code S30 suggests a focus on community development, but further information would require reviewing the full 990 forms or the organization's public reports.
What is the source of the organization's consistent revenue, which averages around $125,000 annually?
The provided data only shows 'Revenue' without specifying its source (e.g., grants, contributions, program service revenue). Further investigation into the full IRS 990 forms would be needed to identify the revenue streams.
Why has the organization consistently reported zero officer compensation over more than a decade?
The consistent reporting of zero officer compensation is notable. It could indicate that officers are volunteers, compensated by another entity, or that compensation falls below reporting thresholds, though the latter is less likely given the consistency. This practice suggests a very lean administrative overhead related to executive pay.
Filing History
IRS 990 filing history for Gadsden Commercial Development Authority showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gadsden Commercial Development Authority's revenue has declined by 5.6%, moving from $121K to $114K. Total assets increased by 40.2% over the same period, from $35K to $49K. Total functional expenses fell by 25%, from $123K to $92K. In its most recent filing year (2023), Gadsden Commercial Development Authority reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $114K | $92K | $49K | $0 | — | — |
| 2022 | $125K | $145K | $32K | $5K | — | View 990 |
| 2021 | $125K | $124K | $50K | $2K | — | View 990 |
| 2020 | $125K | $117K | $50K | $3K | — | — |
| 2019 | $136K | $124K | $42K | $3K | — | View 990 |
| 2018 | $140K | $123K | $29K | $2K | — | View 990 |
| 2017 | $136K | $133K | $11K | $2K | — | View 990 |
| 2016 | $131K | $131K | $9K | $2K | — | View 990 |
| 2015 | $123K | $124K | $8K | $2K | — | View 990 |
| 2014 | $127K | $124K | $9K | $2K | — | View 990 |
| 2013 | $115K | $121K | $7K | $2K | — | View 990 |
| 2012 | $100K | $122K | $13K | $2K | — | View 990 |
| 2011 | $121K | $123K | $35K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $114K, expenses of $92K, and assets of $49K (revenue -9.0% year-over-year).
- 2022: Revenue of $125K, expenses of $145K, and assets of $32K (revenue +0.0% year-over-year).
- 2021: Revenue of $125K, expenses of $124K, and assets of $50K (revenue +0.0% year-over-year).
- 2020: Revenue of $125K, expenses of $117K, and assets of $50K (revenue -8.3% year-over-year).
- 2019: Revenue of $136K, expenses of $124K, and assets of $42K (revenue -2.7% year-over-year).
- 2018: Revenue of $140K, expenses of $123K, and assets of $29K (revenue +2.8% year-over-year).
- 2017: Revenue of $136K, expenses of $133K, and assets of $11K (revenue +3.8% year-over-year).
- 2016: Revenue of $131K, expenses of $131K, and assets of $9K (revenue +6.8% year-over-year).
- 2015: Revenue of $123K, expenses of $124K, and assets of $8K (revenue -2.9% year-over-year).
- 2014: Revenue of $127K, expenses of $124K, and assets of $9K (revenue +10.5% year-over-year).
- 2013: Revenue of $115K, expenses of $121K, and assets of $7K (revenue +14.2% year-over-year).
- 2012: Revenue of $100K, expenses of $122K, and assets of $13K (revenue -16.8% year-over-year).
- 2011: Revenue of $121K, expenses of $123K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gadsden Commercial Development Authority:
Data Sources and Methodology
This transparency report for Gadsden Commercial Development Authority 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.