Harrisburg Economic Developmentcorporation
Harrisburg Economic Developmentcorporation shows asset growth despite fluctuating annual revenues and expenses.
EIN: 208719674 · Harrisburg, SD · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $219K |
| Program Spending | 85% |
| Net Assets | $321K |
| Transparency Score | 80/100 |
Is Harrisburg Economic Developmentcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harrisburg Economic Developmentcorporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harrisburg Economic Developmentcorporation
Harrisburg Economic Developmentcorporation (EIN: 208719674) is a nonprofit organization based in Harrisburg, SD, classified under NTEE code S30. The organization reported total revenue of $200K and total assets of $634K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrisburg Economic Developmentcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harrisburg Economic Developmentcorporation is a small nonprofit that has been operating for 18 years, with 5 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 31.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $219K |
| Surplus / Deficit | +$102K |
| Total Assets | $661K |
| Total Liabilities | $340K |
| Net Assets | $321K |
| Operating Margin | 31.8% |
| Debt-to-Asset Ratio | 51.4% |
| Months of Reserves | 36.2 months |
Financial Health Grade: A
In 2022, Harrisburg Economic Developmentcorporation reported a surplus of $102K with revenue exceeding expenses, holds 36.2 months of operating reserves (strong position), has a debt-to-asset ratio of 51.4% (high leverage).
Financial Trends
Over 5 years of filings (2018–2022), Harrisburg Economic Developmentcorporation's revenue has grown at a compound annual growth rate (CAGR) of 31.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +77.0% | -24.7% | -2.4% |
| 2021 | +102.2% | +224.5% | +22.6% |
| 2020 | +9.1% | -10.7% | +41.2% |
| 2019 | -22.9% | +46.0% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Harrisburg Economic Developmentcorporation with a Mission Score of 80 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, Harrisburg Economic Developmentcorporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $102K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all five filings, indicating that no officers received compensation, which is highly favorable for resource allocation to the organization's mission.
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 Harrisburg Economic Developmentcorporation's IRS 990 filings:
- Significant operational deficit in 2021 (expenses $290,799 vs. revenue $181,583)
- Increasing liabilities over the five-year period
Strengths
The following positive indicators were identified for Harrisburg Economic Developmentcorporation:
- Consistent asset growth from $421,064 in 2018 to $660,814 in 2022
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission
- Strong revenue generation in 2022 ($321,414) significantly exceeding expenses ($219,093)
- Clear alignment between organization name and NTEE code (Economic Development)
Frequently Asked Questions about Harrisburg Economic Developmentcorporation
Is Harrisburg Economic Developmentcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrisburg Economic Developmentcorporation (EIN: 208719674) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Harrisburg Economic Developmentcorporation spend its money?
Harrisburg Economic Developmentcorporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harrisburg Economic Developmentcorporation tax-deductible?
Harrisburg Economic Developmentcorporation is registered as a tax-exempt nonprofit (EIN: 208719674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harrisburg Economic Developmentcorporation's spending goes to programs?
Harrisburg Economic Developmentcorporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harrisburg Economic Developmentcorporation compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Harrisburg Economic Developmentcorporation 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 Harrisburg Economic Developmentcorporation located?
Harrisburg Economic Developmentcorporation is headquartered in Harrisburg, South Dakota and files with the IRS under EIN 208719674. It is classified under NTEE code S30.
How many years of IRS 990 filings does Harrisburg Economic Developmentcorporation have?
Harrisburg Economic Developmentcorporation has 5 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 $200K in total revenue.
Is Harrisburg Economic Developmentcorporation financially stable?
Yes, the organization appears financially stable with growing assets from $421,064 in 2018 to $660,814 in 2022, despite some annual fluctuations in revenue and expenses.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that no officers are compensated, which is a strong positive for resource allocation.
What caused the significant expense increase in 2021?
In 2021, expenses were $290,799 against revenues of $181,583. Without detailed expense breakdowns, it's unclear what specific factors led to this significant increase and deficit.
Are the liabilities a concern?
Liabilities have increased from $225,535 in 2018 to $339,919 in 2022. While assets have grown more, the increasing liabilities warrant monitoring to ensure they remain manageable relative to assets and revenue.
Filing History
IRS 990 filing history for Harrisburg Economic Developmentcorporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2018–2022), Harrisburg Economic Developmentcorporation's revenue has grown by 200.9%, moving from $107K to $321K. Total assets increased by 56.9% over the same period, from $421K to $661K. Total functional expenses rose by 218.9%, from $69K to $219K. In its most recent filing year (2022), Harrisburg Economic Developmentcorporation reported a surplus of $102K, with revenue exceeding expenses. The organization holds $340K in liabilities against $661K in assets (debt-to-asset ratio: 51.4%), resulting in net assets of $321K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $321K | $219K | $661K | $340K | — | View 990 |
| 2021 | $182K | $291K | $677K | $459K | — | View 990 |
| 2020 | $90K | $90K | $553K | $375K | — | View 990 |
| 2019 | $82K | $100K | $391K | $214K | — | View 990 |
| 2018 | $107K | $69K | $421K | $226K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $321K, expenses of $219K, and assets of $661K (revenue +77.0% year-over-year).
- 2021: Revenue of $182K, expenses of $291K, and assets of $677K (revenue +102.2% year-over-year).
- 2020: Revenue of $90K, expenses of $90K, and assets of $553K (revenue +9.1% year-over-year).
- 2019: Revenue of $82K, expenses of $100K, and assets of $391K (revenue -22.9% year-over-year).
- 2018: Revenue of $107K, expenses of $69K, and assets of $421K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harrisburg Economic Developmentcorporation:
Data Sources and Methodology
This transparency report for Harrisburg Economic Developmentcorporation 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.