South Central Indiana Usa Economic Development Group Inc
South Central Indiana Economic Development Group maintains solvency with volunteer leadership despite fluctuating revenues and occasional operating deficits.
EIN: 205142317 · New Albany, IN · NTEE: S41 · Updated: 2026-03-28
Is South Central Indiana Usa Economic Development Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Central Indiana Usa Economic Development Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Central Indiana Usa Economic Development Group Inc
South Central Indiana Usa Economic Development Group Inc (EIN: 205142317) is a nonprofit organization based in New Albany, IN, classified under NTEE code S41. The organization reported total revenue of $122K and total assets of $216K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Central Indiana Usa Economic Development Group Inc'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 South Central Indiana Usa Economic Development Group 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, South Central Indiana Usa Economic Development Group Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and revenue.
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 South Central Indiana Usa Economic Development Group Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2021), indicating potential reliance on reserves or prior surpluses.
Strengths
The following positive indicators were identified for South Central Indiana Usa Economic Development Group Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and high administrative efficiency.
- Zero reported liabilities across all filing periods, demonstrating strong financial solvency and responsible debt management.
- Consistent growth in assets over the long term, from $46,720 in 2014 to $147,304 in 2023, indicating financial stability.
- Transparency in IRS 990 filings with 13 historical records available.
Frequently Asked Questions about South Central Indiana Usa Economic Development Group Inc
Is South Central Indiana Usa Economic Development Group Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Central Indiana Usa Economic Development Group Inc (EIN: 205142317) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does South Central Indiana Usa Economic Development Group Inc spend its money?
South Central Indiana Usa Economic Development Group Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Central Indiana Usa Economic Development Group Inc tax-deductible?
South Central Indiana Usa Economic Development Group Inc is registered as a tax-exempt nonprofit (EIN: 205142317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is South Central Indiana Usa Economic Development Group Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its strong financial solvency (zero liabilities reported across all filings) and its commitment to volunteer leadership (0% officer compensation). While it has experienced periods where expenses exceeded revenue, its asset growth over time suggests responsible financial management.
How does the organization manage its finances given fluctuating revenues?
The organization manages fluctuating revenues by maintaining a healthy asset base, which has grown from $46,720 in 2014 to $147,304 in 2023. This allows it to absorb years where expenses ($98,822 in 2023) exceed revenue ($76,886 in 2023) without incurring liabilities.
What is the significance of 0% officer compensation?
The 0% officer compensation is highly significant as it indicates that the organization's leadership is unpaid, likely volunteer-based. This suggests a very high level of dedication to the mission and ensures that a greater proportion of funds can be directed towards programs rather than administrative salaries.
Filing History
IRS 990 filing history for South Central Indiana Usa Economic Development Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Central Indiana Usa Economic Development Group Inc's revenue has grown by 10.8%, moving from $69K to $77K. Total assets increased by 19% over the same period, from $124K to $147K. Total functional expenses rose by 32.3%, from $75K to $99K. In its most recent filing year (2023), South Central Indiana Usa Economic Development Group Inc reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $99K | $147K | $0 | — | — |
| 2022 | $81K | $80K | $169K | $0 | — | View 990 |
| 2021 | $45K | $69K | $167K | $0 | — | — |
| 2020 | $88K | $59K | $191K | $0 | — | View 990 |
| 2019 | $143K | $82K | $162K | $0 | — | View 990 |
| 2018 | $91K | $71K | $102K | $0 | — | View 990 |
| 2017 | $88K | $78K | $82K | $0 | — | View 990 |
| 2016 | $83K | $76K | $71K | $0 | — | View 990 |
| 2015 | $107K | $90K | $64K | $0 | — | View 990 |
| 2014 | $116K | $101K | $47K | $0 | — | View 990 |
| 2013 | $76K | $89K | $35K | $3K | — | View 990 |
| 2012 | $80K | $96K | $118K | $73K | — | View 990 |
| 2011 | $69K | $75K | $124K | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $99K, and assets of $147K (revenue -5.6% year-over-year).
- 2022: Revenue of $81K, expenses of $80K, and assets of $169K (revenue +79.0% year-over-year).
- 2021: Revenue of $45K, expenses of $69K, and assets of $167K (revenue -48.2% year-over-year).
- 2020: Revenue of $88K, expenses of $59K, and assets of $191K (revenue -38.6% year-over-year).
- 2019: Revenue of $143K, expenses of $82K, and assets of $162K (revenue +57.6% year-over-year).
- 2018: Revenue of $91K, expenses of $71K, and assets of $102K (revenue +2.9% year-over-year).
- 2017: Revenue of $88K, expenses of $78K, and assets of $82K (revenue +6.1% year-over-year).
- 2016: Revenue of $83K, expenses of $76K, and assets of $71K (revenue -22.4% year-over-year).
- 2015: Revenue of $107K, expenses of $90K, and assets of $64K (revenue -7.5% year-over-year).
- 2014: Revenue of $116K, expenses of $101K, and assets of $47K (revenue +53.3% year-over-year).
- 2013: Revenue of $76K, expenses of $89K, and assets of $35K (revenue -5.2% year-over-year).
- 2012: Revenue of $80K, expenses of $96K, and assets of $118K (revenue +14.9% year-over-year).
- 2011: Revenue of $69K, expenses of $75K, and assets of $124K.
Data Sources and Methodology
This transparency report for South Central Indiana Usa Economic Development Group 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.