Mcallen Area Economic Development Corporation
Mcallen Area Economic Development Corporation shows consistent revenue and growing assets with no reported officer compensation.
EIN: 201334546 · Mcallen, TX · NTEE: S41 · Updated: 2026-03-28
Is Mcallen Area 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 →
Mcallen Area Economic Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcallen Area Economic Development Corporation
Mcallen Area Economic Development Corporation (EIN: 201334546) is a nonprofit organization based in Mcallen, TX, classified under NTEE code S41. The organization reported total revenue of $1.6M and total assets of $735K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcallen Area Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mcallen Area Economic Development Corporation 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, Mcallen Area 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings. This suggests either that executive leadership is entirely volunteer-based, compensated through other means not categorized as 'officer compensation' on the 990, or that compensation is covered by an external entity, which warrants further investigation for complete financial transparency.
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 Mcallen Area Economic Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensated through other means or entities.
Strengths
The following positive indicators were identified for Mcallen Area Economic Development Corporation:
- Consistent revenue generation, typically above $1.4 million annually.
- Strong growth in net assets, nearly doubling from $317,814 in 2019 to $691,134 in 2023.
- Relatively low and stable liabilities, indicating good financial health.
- Expenses generally managed within revenue, leading to surpluses in recent years (e.g., 2023 surplus of over $119,000).
Frequently Asked Questions about Mcallen Area Economic Development Corporation
Is Mcallen Area Economic Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcallen Area Economic Development Corporation (EIN: 201334546) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does Mcallen Area Economic Development Corporation spend its money?
Mcallen Area Economic Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcallen Area Economic Development Corporation tax-deductible?
Mcallen Area Economic Development Corporation is registered as a tax-exempt nonprofit (EIN: 201334546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mcallen Area Economic Development Corporation a good charity?
Based on the available financial data, the organization appears to be financially stable with consistent revenue and growing assets. Its NTEE code S41 (Economic Development) suggests a focus on community benefit. The lack of reported officer compensation is unusual and would require further investigation to fully assess its operational efficiency and transparency regarding leadership costs.
How does Mcallen Area Economic Development Corporation manage its expenses?
The organization's expenses have generally been well-managed, staying close to or below its revenue in most recent years. For example, in 2023, expenses were $1,402,272 against revenues of $1,521,749, resulting in a surplus. This indicates responsible spending relative to income.
What is the trend in Mcallen Area Economic Development Corporation's assets?
Mcallen Area Economic Development Corporation has shown a strong positive trend in its assets, increasing from $317,814 in 2019 to $691,134 in 2023. This indicates a healthy accumulation of reserves and financial growth.
Filing History
IRS 990 filing history for Mcallen Area Economic Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mcallen Area Economic Development Corporation's revenue has declined by 13.2%, moving from $1.8M to $1.5M. Total assets decreased by 3.1% over the same period, from $713K to $691K. Total functional expenses fell by 24.5%, from $1.9M to $1.4M. In its most recent filing year (2023), Mcallen Area Economic Development Corporation reported a surplus of $119K, with revenue exceeding expenses. The organization holds $64K in liabilities against $691K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $627K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $691K | $64K | — | — |
| 2022 | $1.4M | $1.3M | $577K | $70K | — | View 990 |
| 2021 | $1.3M | $1.3M | $489K | $76K | — | View 990 |
| 2020 | $1.4M | $1.2M | $474K | $78K | — | — |
| 2019 | $1.4M | $1.5M | $318K | $85K | — | View 990 |
| 2018 | $1.3M | $1.5M | $411K | $62K | — | View 990 |
| 2017 | $1.6M | $1.5M | $543K | $38K | — | View 990 |
| 2016 | $1.6M | $1.6M | $516K | $27K | — | View 990 |
| 2015 | $1.6M | $1.6M | $541K | $54K | — | View 990 |
| 2014 | $1.6M | $1.7M | $568K | $50K | — | View 990 |
| 2013 | $1.6M | $1.5M | $669K | $48K | — | View 990 |
| 2012 | $1.5M | $1.6M | $632K | $60K | — | View 990 |
| 2011 | $1.8M | $1.9M | $713K | $95K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $691K (revenue +6.1% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $577K (revenue +10.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $489K (revenue -8.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $474K (revenue +3.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $318K (revenue +1.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.5M, and assets of $411K (revenue -14.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $543K (revenue +0.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $516K (revenue -0.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $541K (revenue -1.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $568K (revenue -0.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $669K (revenue +3.0% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $632K (revenue -11.8% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.9M, and assets of $713K.
Data Sources and Methodology
This transparency report for Mcallen Area 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.