Jamestown Center City Development Corporation
Jamestown Center City Development Corporation shows consistent revenue growth and improved solvency with no reported officer compensation.
EIN: 161582458 · Jamestown, NY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $24 |
| Net Assets | $4.2M |
| Transparency Score | 85/100 |
Is Jamestown Center City Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jamestown Center City Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jamestown Center City Development Corporation
Jamestown Center City Development Corporation (EIN: 161582458) is a nonprofit organization based in Jamestown, NY, classified under NTEE code S30. The organization reported total revenue of $4.2M and total assets of $25.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jamestown Center City Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jamestown Center City Development Corporation is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $24.6M |
| Total Liabilities | $20.4M |
| Net Assets | $4.2M |
| Operating Margin | 42.1% |
| Debt-to-Asset Ratio | 82.9% |
| Months of Reserves | 108.3 months |
Financial Health Grade: A
In 2023, Jamestown Center City Development Corporation reported a surplus of $2.0M with revenue exceeding expenses, holds 108.3 months of operating reserves (strong position), has a debt-to-asset ratio of 82.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jamestown Center City Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.7% | +5.7% | +4.2% |
| 2022 | -3.9% | -13.2% | +0.5% |
| 2021 | +5.9% | +38.4% | -1.9% |
| 2020 | +13.1% | -13.2% | +22.8% |
| 2019 | +26.6% | +6.5% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Jamestown Center City Development Corporation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Jamestown Center City 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 $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 available filings, which is highly unusual for an organization with assets exceeding $24 million and revenues nearing $5 million. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, warranting further inquiry.
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 Jamestown Center City Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Jamestown Center City Development Corporation:
- Consistent revenue growth, increasing from $1.9M in 2014 to $4.7M in 2023.
- Improved solvency, with assets ($24.5M in 2023) now comfortably exceeding liabilities ($20.3M in 2023), reversing earlier trends.
- Significant asset base growth, from $20.2M in 2014 to $24.5M in 2023, indicating strong financial foundation.
- Expenses consistently lower than revenue in recent years (e.g., 2023: $2.7M expenses vs. $4.7M revenue), allowing for asset accumulation.
Frequently Asked Questions about Jamestown Center City Development Corporation
Is Jamestown Center City Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Jamestown Center City Development Corporation (EIN: 161582458) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Jamestown Center City Development Corporation spend its money?
Jamestown Center City Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jamestown Center City Development Corporation tax-deductible?
Jamestown Center City Development Corporation is registered as a tax-exempt nonprofit (EIN: 161582458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jamestown Center City Development Corporation CEO make?
Jamestown Center City Development Corporation's highest-compensated officer earns $24 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jamestown Center City Development Corporation's spending goes to programs?
Jamestown Center City Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jamestown Center City Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Jamestown Center City 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 Jamestown Center City Development Corporation located?
Jamestown Center City Development Corporation is headquartered in Jamestown, New York and files with the IRS under EIN 161582458. It is classified under NTEE code S30.
How many years of IRS 990 filings does Jamestown Center City Development Corporation have?
Jamestown Center City 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 $4.2M in total revenue.
How does Jamestown Center City Development Corporation manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this size ($24M+ assets, $4M+ revenue). This could indicate a fully volunteer executive leadership, or that compensation for key management is reported under other expense categories, which would require deeper scrutiny of their detailed financial statements.
What is the specific nature of the organization's liabilities, which have historically been substantial?
The organization has consistently carried significant liabilities, often exceeding assets in earlier years (e.g., 2019: $19.4M assets vs. $19.9M liabilities). While the asset-to-liability ratio has improved in recent years (2023: $24.5M assets vs. $20.3M liabilities), understanding the nature of these liabilities (e.g., program-related debt, mortgages, grants payable) is crucial for a complete financial picture.
What are the primary sources of the organization's increasing revenue?
Revenue has grown from $1.9M in 2014 to $4.7M in 2023. Identifying whether this growth comes from government grants, private donations, program service fees, or other sources would provide insight into the sustainability and diversification of its funding model.
Filing History
IRS 990 filing history for Jamestown Center City Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jamestown Center City Development Corporation's revenue has grown by 62.5%, moving from $2.9M to $4.7M. Total assets increased by 8.9% over the same period, from $22.6M to $24.6M. Total functional expenses fell by 17.7%, from $3.3M to $2.7M. In its most recent filing year (2023), Jamestown Center City Development Corporation reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $20.4M in liabilities against $24.6M in assets (debt-to-asset ratio: 82.9%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $2.7M | $24.6M | $20.4M | — | View 990 |
| 2022 | $3.4M | $2.6M | $23.6M | $21.4M | — | — |
| 2021 | $3.6M | $3.0M | $23.5M | $22.1M | — | View 990 |
| 2020 | $3.4M | $2.1M | $23.9M | $23.1M | — | — |
| 2019 | $3.0M | $2.5M | $19.5M | $19.9M | — | View 990 |
| 2018 | $2.3M | $2.3M | $19.4M | $20.3M | — | View 990 |
| 2017 | $2.0M | $2.2M | $19.3M | $20.2M | — | View 990 |
| 2016 | $2.0M | $2.0M | $19.8M | $20.5M | — | View 990 |
| 2015 | $1.9M | $2.1M | $20.1M | $20.8M | — | View 990 |
| 2014 | $1.9M | $2.5M | $20.3M | $20.8M | — | View 990 |
| 2013 | $1.5M | $3.3M | $20.9M | $20.8M | — | View 990 |
| 2012 | $2.9M | $3.4M | $22.1M | $20.9M | — | View 990 |
| 2011 | $2.9M | $3.3M | $22.6M | $21.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $2.7M, and assets of $24.6M (revenue +37.7% year-over-year).
- 2022: Revenue of $3.4M, expenses of $2.6M, and assets of $23.6M (revenue -3.9% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.0M, and assets of $23.5M (revenue +5.9% year-over-year).
- 2020: Revenue of $3.4M, expenses of $2.1M, and assets of $23.9M (revenue +13.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.5M, and assets of $19.5M (revenue +26.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $19.4M (revenue +18.8% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.2M, and assets of $19.3M (revenue -2.3% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $19.8M (revenue +4.2% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.1M, and assets of $20.1M (revenue -0.3% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.5M, and assets of $20.3M (revenue +26.2% year-over-year).
- 2013: Revenue of $1.5M, expenses of $3.3M, and assets of $20.9M (revenue -47.2% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.4M, and assets of $22.1M (revenue +1.0% year-over-year).
- 2011: Revenue of $2.9M, expenses of $3.3M, and assets of $22.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jamestown Center City Development Corporation:
Data Sources and Methodology
This transparency report for Jamestown Center City 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.