Meriden Economic Development Corp
EIN: 61007618 · Meriden, CT
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $31K |
| Net Assets | $345K |
Is Meriden Economic Development Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Meriden Economic Development Corp
Meriden Economic Development Corp (EIN: 61007618) is a nonprofit organization based in Meriden, CT. The organization reported total revenue of $14K and total assets of $350K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meriden Economic Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meriden Economic Development Corp is a micro nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -7.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $31K |
| Surplus / Deficit | $-5,394 |
| Total Assets | $345K |
| Net Assets | $345K |
| Operating Margin | -20.8% |
| Months of Reserves | 132.4 months |
Financial Health Grade: B
In 2024, Meriden Economic Development Corp reported a deficit of $5K with expenses exceeding revenue, holds 132.4 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Meriden Economic Development Corp's revenue has declined at a compound annual growth rate (CAGR) of -7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -24.1% | -19.4% | +0.1% |
| 2023 | -54.8% | -66.1% | -1.6% |
| 2022 | +98.8% | -10.4% | -16.0% |
| 2021 | -82.8% | -16.2% | -16.6% |
| 2020 | +269.8% | +95.5% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Meriden Economic Development Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meriden Economic Development Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Meriden Economic Development Corp
Is Meriden Economic Development Corp a legitimate charity?
Meriden Economic Development Corp (EIN: 61007618) is a registered tax-exempt nonprofit based in Connecticut. It has 14 years of IRS 990 filings on record. Total revenue: $14K. No red flags identified. Financial health grade: B.
How does Meriden Economic Development Corp spend its money?
Meriden Economic Development Corp reported $14K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Meriden Economic Development Corp tax-deductible?
Meriden Economic Development Corp is registered as a tax-exempt nonprofit (EIN: 61007618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Meriden Economic Development Corp located?
Meriden Economic Development Corp is headquartered in Meriden, Connecticut and files with the IRS under EIN 61007618.
How many years of IRS 990 filings does Meriden Economic Development Corp have?
Meriden Economic Development Corp has 14 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 $14K in total revenue.
Filing History
IRS 990 filing history for Meriden Economic Development Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Meriden Economic Development Corp's revenue has declined by 64.2%, moving from $72K to $26K. Total assets decreased by 64.7% over the same period, from $978K to $345K. Total functional expenses fell by 36.7%, from $49K to $31K. In its most recent filing year (2024), Meriden Economic Development Corp reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $26K | $31K | $345K | $0 | — | — |
| 2023 | $34K | $39K | $345K | $0 | — | View 990 |
| 2022 | $75K | $114K | $351K | $0 | — | — |
| 2021 | $38K | $128K | $417K | $0 | — | — |
| 2020 | $220K | $152K | $500K | $0 | — | View 990 |
| 2019 | $60K | $78K | $433K | $118 | — | View 990 |
| 2018 | $121K | $47K | $451K | $0 | — | — |
| 2017 | $16K | $19K | $378K | $0 | — | View 990 |
| 2016 | $753 | $6K | $396K | $15K | — | View 990 |
| 2015 | $1K | $22K | $388K | $935 | — | View 990 |
| 2014 | $803 | $2K | $408K | $0 | — | View 990 |
| 2013 | $825 | $5K | $409K | $0 | — | View 990 |
| 2012 | $167K | $183K | $445K | $33K | — | View 990 |
| 2011 | $72K | $49K | $978K | $549K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $26K, expenses of $31K, and assets of $345K (revenue -24.1% year-over-year).
- 2023: Revenue of $34K, expenses of $39K, and assets of $345K (revenue -54.8% year-over-year).
- 2022: Revenue of $75K, expenses of $114K, and assets of $351K (revenue +98.8% year-over-year).
- 2021: Revenue of $38K, expenses of $128K, and assets of $417K (revenue -82.8% year-over-year).
- 2020: Revenue of $220K, expenses of $152K, and assets of $500K (revenue +269.8% year-over-year).
- 2019: Revenue of $60K, expenses of $78K, and assets of $433K (revenue -50.7% year-over-year).
- 2018: Revenue of $121K, expenses of $47K, and assets of $451K (revenue +666.4% year-over-year).
- 2017: Revenue of $16K, expenses of $19K, and assets of $378K (revenue +1991.2% year-over-year).
- 2016: Revenue of $753, expenses of $6K, and assets of $396K (revenue -31.5% year-over-year).
- 2015: Revenue of $1K, expenses of $22K, and assets of $388K (revenue +37.0% year-over-year).
- 2014: Revenue of $803, expenses of $2K, and assets of $408K (revenue -2.7% year-over-year).
- 2013: Revenue of $825, expenses of $5K, and assets of $409K (revenue -99.5% year-over-year).
- 2012: Revenue of $167K, expenses of $183K, and assets of $445K (revenue +130.2% year-over-year).
- 2011: Revenue of $72K, expenses of $49K, and assets of $978K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meriden Economic Development Corp:
Data Sources and Methodology
This transparency report for Meriden Economic Development Corp 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.