Marlborough Economic Development Corporation
Marlborough Economic Development Corporation consistently operates with revenue exceeding expenses and reports no officer compensation.
EIN: 204407846 · Marlborough, MA · NTEE: S41 · Updated: 2026-03-28
Is Marlborough Economic Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marlborough Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marlborough Economic Development Corporation
Marlborough Economic Development Corporation (EIN: 204407846) is a nonprofit organization based in Marlborough, MA, classified under NTEE code S41. The organization reported total revenue of $1.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marlborough Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marlborough Economic Development Corporation is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$37K |
| Total Assets | $1.5M |
| Total Liabilities | $81K |
| Net Assets | $1.4M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2024, Marlborough Economic Development Corporation reported a surplus of $37K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Marlborough Economic Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.2% | +11.0% | -0.2% |
| 2023 | +40.9% | +22.7% | -38.0% |
| 2022 | +11.5% | -2.7% | +0.3% |
| 2021 | -41.9% | +2.2% | +18.2% |
| 2020 | +64.0% | +3.7% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2006 |
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 Marlborough Economic Development Corporation 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, Marlborough Economic 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990.
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 Marlborough Economic Development Corporation's IRS 990 filings:
- No officer compensation reported, which could indicate volunteer leadership but might also obscure compensation if structured differently.
Strengths
The following positive indicators were identified for Marlborough Economic Development Corporation:
- Consistent revenue exceeding expenses in recent years (e.g., 202406: Revenue=$1,040,121, Expenses=$1,002,816).
- Significant reduction in liabilities from over $1.1 million (2020-2022) to $81,162 (202406).
- Consistent reporting of 0% officer compensation, suggesting high efficiency or volunteer leadership.
- Healthy asset base of $1,761,528, indicating financial stability.
- Long history of IRS 990 filings (14 filings), demonstrating strong transparency.
Frequently Asked Questions about Marlborough Economic Development Corporation
Is Marlborough Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Marlborough Economic Development Corporation (EIN: 204407846) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Marlborough Economic Development Corporation spend its money?
Marlborough Economic Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marlborough Economic Development Corporation tax-deductible?
Marlborough Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 204407846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Marlborough Economic Development Corporation a good charity?
Based on the available IRS 990 data, MEDC appears to be a well-managed and efficient organization. It consistently generates more revenue than expenses, maintains a healthy asset base, and notably reports 0% officer compensation, which is a strong indicator of efficient resource allocation and potentially volunteer leadership.
How has the organization's financial stability changed over time?
MEDC has shown consistent growth in revenue and assets over the long term, with some fluctuations. Notably, liabilities significantly decreased from over $1.1 million in 2020-2022 to $81,162 in 2024, indicating improved financial health and reduced debt burden.
What is the trend in the organization's expenses?
Expenses have generally increased in line with revenue growth, from $470,711 in 2015 to $1,002,816 in 2024, indicating an expansion of operations and program delivery.
Filing History
IRS 990 filing history for Marlborough Economic Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Marlborough Economic Development Corporation's revenue has grown by 252.9%, moving from $295K to $1.0M. Total assets increased by 1399.4% over the same period, from $98K to $1.5M. Total functional expenses rose by 285.5%, from $260K to $1.0M. In its most recent filing year (2024), Marlborough Economic Development Corporation reported a surplus of $37K, with revenue exceeding expenses. The organization holds $81K in liabilities against $1.5M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.0M | $1.0M | $1.5M | $81K | — | View 990 |
| 2023 | $1.0M | $904K | $1.5M | $122K | — | View 990 |
| 2022 | $716K | $737K | $2.4M | $1.1M | — | View 990 |
| 2021 | $642K | $757K | $2.4M | $1.1M | — | View 990 |
| 2020 | $1.1M | $741K | $2.0M | $1.1M | — | View 990 |
| 2019 | $673K | $715K | $1.6M | $1.1M | — | View 990 |
| 2018 | $769K | $717K | $626K | $50K | — | View 990 |
| 2017 | $725K | $552K | $570K | $48K | — | View 990 |
| 2016 | $732K | $538K | $381K | $32K | — | View 990 |
| 2015 | $514K | $471K | $893K | $738K | — | View 990 |
| 2014 | $512K | $443K | $173K | $60K | — | View 990 |
| 2013 | $378K | $512K | $48K | $4K | — | View 990 |
| 2012 | $433K | $352K | $184K | $7K | — | View 990 |
| 2011 | $295K | $260K | $98K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M (revenue +3.2% year-over-year).
- 2023: Revenue of $1.0M, expenses of $904K, and assets of $1.5M (revenue +40.9% year-over-year).
- 2022: Revenue of $716K, expenses of $737K, and assets of $2.4M (revenue +11.5% year-over-year).
- 2021: Revenue of $642K, expenses of $757K, and assets of $2.4M (revenue -41.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $741K, and assets of $2.0M (revenue +64.0% year-over-year).
- 2019: Revenue of $673K, expenses of $715K, and assets of $1.6M (revenue -12.4% year-over-year).
- 2018: Revenue of $769K, expenses of $717K, and assets of $626K (revenue +6.1% year-over-year).
- 2017: Revenue of $725K, expenses of $552K, and assets of $570K (revenue -0.9% year-over-year).
- 2016: Revenue of $732K, expenses of $538K, and assets of $381K (revenue +42.4% year-over-year).
- 2015: Revenue of $514K, expenses of $471K, and assets of $893K (revenue +0.4% year-over-year).
- 2014: Revenue of $512K, expenses of $443K, and assets of $173K (revenue +35.4% year-over-year).
- 2013: Revenue of $378K, expenses of $512K, and assets of $48K (revenue -12.7% year-over-year).
- 2012: Revenue of $433K, expenses of $352K, and assets of $184K (revenue +46.9% year-over-year).
- 2011: Revenue of $295K, expenses of $260K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marlborough Economic Development Corporation:
Data Sources and Methodology
This transparency report for Marlborough Economic 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.