Ohio Economic Development Association Inc
Ohio Economic Development Association maintains stable finances with no reported officer compensation.
EIN: 202105810 · Columbus, OH · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $637K |
| Total Expenses | $586K |
| Program Spending | 80% |
| Net Assets | $306K |
| Transparency Score | 85/100 |
Is Ohio Economic Development Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ohio Economic Development Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ohio Economic Development Association Inc
Ohio Economic Development Association Inc (EIN: 202105810) is a nonprofit organization based in Columbus, OH, classified under NTEE code S30. The organization reported total revenue of $637K and total assets of $615K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ohio Economic Development Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ohio Economic Development Association Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $594K |
| Total Expenses | $586K |
| Surplus / Deficit | +$8K |
| Total Assets | $468K |
| Total Liabilities | $162K |
| Net Assets | $306K |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2023, Ohio Economic Development Association Inc reported a surplus of $8K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Ohio Economic Development Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | -12.5% | -1.2% |
| 2022 | +49.3% | +58.9% | +12.1% |
| 2021 | -5.1% | +17.6% | -6.3% |
| 2020 | -25.6% | -23.4% | +4.6% |
| 2019 | +32.9% | -8.3% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Ohio Economic Development Association Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ohio Economic Development Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of its size with revenues consistently in the hundreds of thousands.
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 Ohio Economic Development Association Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes efficiency assessment difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate alternative compensation structures or reliance on volunteers for key leadership roles, which might not be sustainable long-term.
Strengths
The following positive indicators were identified for Ohio Economic Development Association Inc:
- Consistent financial stability with revenues generally covering expenses.
- Strong asset base relative to liabilities, indicating good financial health.
- No reported officer compensation, suggesting a focus on minimizing overhead in this area.
- Long filing history (14 filings) indicates consistent compliance and operational longevity.
Frequently Asked Questions about Ohio Economic Development Association Inc
Is Ohio Economic Development Association Inc a legitimate charity?
Ohio Economic Development Association Inc (EIN: 202105810) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $637K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Ohio Economic Development Association Inc spend its money?
Ohio Economic Development Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ohio Economic Development Association Inc tax-deductible?
Ohio Economic Development Association Inc is registered as a tax-exempt nonprofit (EIN: 202105810). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ohio Economic Development Association Inc's spending goes to programs?
Ohio Economic Development Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ohio Economic Development Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ohio Economic Development Association Inc 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 Ohio Economic Development Association Inc located?
Ohio Economic Development Association Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 202105810. It is classified under NTEE code S30.
How many years of IRS 990 filings does Ohio Economic Development Association Inc have?
Ohio Economic Development Association Inc 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 $637K in total revenue.
Is Ohio Economic Development Association Inc. financially stable?
Yes, the organization appears financially stable. In 202312, revenue ($594,414) exceeded expenses ($586,454), and assets ($467,589) significantly outweighed liabilities ($162,028).
How does the organization manage executive compensation?
The organization consistently reports 0% officer compensation across all 14 available filings, suggesting that its officers are not compensated by the organization.
Has the organization experienced significant financial fluctuations?
While revenues and expenses have varied year-to-year (e.g., revenue ranged from $295,924 in 201412 to $594,414 in 202312), the organization has generally maintained a positive net asset position, indicating overall stability.
Filing History
IRS 990 filing history for Ohio Economic Development Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Ohio Economic Development Association Inc's revenue has grown by 195.4%, moving from $201K to $594K. Total assets increased by 766.2% over the same period, from $54K to $468K. Total functional expenses rose by 48.1%, from $396K to $586K. In its most recent filing year (2023), Ohio Economic Development Association Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $162K in liabilities against $468K in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $306K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $594K | $586K | $468K | $162K | — | — |
| 2022 | $588K | $670K | $473K | $176K | — | View 990 |
| 2021 | $394K | $422K | $422K | $42K | — | View 990 |
| 2020 | $415K | $359K | $451K | $44K | — | — |
| 2019 | $558K | $468K | $431K | $86K | — | View 990 |
| 2018 | $420K | $511K | $313K | $58K | — | View 990 |
| 2017 | $376K | $497K | $418K | $73K | — | — |
| 2016 | $313K | $410K | $504K | $39K | — | View 990 |
| 2015 | $304K | $270K | $630K | $57K | — | View 990 |
| 2014 | $296K | $262K | $563K | $24K | — | View 990 |
| 2013 | $587K | $188K | $534K | $30K | — | View 990 |
| 2012 | $214K | $167K | $112K | $6K | — | View 990 |
| 2011 | $104K | $99K | $72K | $13K | — | View 990 |
| 2011 | $201K | $396K | $54K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $594K, expenses of $586K, and assets of $468K (revenue +1.1% year-over-year).
- 2022: Revenue of $588K, expenses of $670K, and assets of $473K (revenue +49.3% year-over-year).
- 2021: Revenue of $394K, expenses of $422K, and assets of $422K (revenue -5.1% year-over-year).
- 2020: Revenue of $415K, expenses of $359K, and assets of $451K (revenue -25.6% year-over-year).
- 2019: Revenue of $558K, expenses of $468K, and assets of $431K (revenue +32.9% year-over-year).
- 2018: Revenue of $420K, expenses of $511K, and assets of $313K (revenue +11.8% year-over-year).
- 2017: Revenue of $376K, expenses of $497K, and assets of $418K (revenue +20.2% year-over-year).
- 2016: Revenue of $313K, expenses of $410K, and assets of $504K (revenue +2.9% year-over-year).
- 2015: Revenue of $304K, expenses of $270K, and assets of $630K (revenue +2.7% year-over-year).
- 2014: Revenue of $296K, expenses of $262K, and assets of $563K (revenue -49.6% year-over-year).
- 2013: Revenue of $587K, expenses of $188K, and assets of $534K (revenue +174.1% year-over-year).
- 2012: Revenue of $214K, expenses of $167K, and assets of $112K (revenue +106.8% year-over-year).
- 2011: Revenue of $104K, expenses of $99K, and assets of $72K (revenue -48.5% year-over-year).
- 2011: Revenue of $201K, expenses of $396K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ohio Economic Development Association Inc:
Data Sources and Methodology
This transparency report for Ohio Economic Development Association Inc 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.