Utility Economic Development Association
Utility Economic Development Association consistently operates with volunteer leadership and occasional deficits.
EIN: 10579984 · Little Rock, AR · NTEE: S41 · Updated: 2026-03-28
Is Utility Economic Development Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Utility Economic Development Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Utility Economic Development Association
Utility Economic Development Association (EIN: 10579984) is a nonprofit organization based in Little Rock, AR, classified under NTEE code S41. The organization reported total revenue of $343K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utility Economic Development Association'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 Utility Economic Development Association with a Mission Score of 75 out of 100 (Good). 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, Utility Economic Development Association 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.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for minimizing administrative costs relative to its size.
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 Utility Economic Development Association's IRS 990 filings:
- Frequent operating deficits (e.g., 2023 expenses $257,988 exceeded revenue $231,084)
- Liabilities have been increasing in recent years (e.g., $79,060 in 2023 from $28,380 in 2021)
Strengths
The following positive indicators were identified for Utility Economic Development Association:
- Consistent 0% officer compensation, indicating low administrative overhead
- Stable asset base over the past decade (e.g., $170,459 to $273,796)
- Long history of IRS 990 filings, demonstrating transparency
- Recent significant increase in revenue to $343,370
Frequently Asked Questions about Utility Economic Development Association
Is Utility Economic Development Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Utility Economic Development Association (EIN: 10579984) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Utility Economic Development Association spend its money?
Utility Economic Development Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Utility Economic Development Association tax-deductible?
Utility Economic Development Association is registered as a tax-exempt nonprofit (EIN: 10579984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Utility Economic Development Association financially stable?
While UEDA has a stable asset base and a recent increase in revenue to $343,370, it has frequently reported expenses exceeding revenue in recent years (e.g., $257,988 expenses vs. $231,084 revenue in 2023), which could pose long-term stability concerns if not addressed by the increased revenue.
How does UEDA manage its administrative costs?
UEDA appears to manage administrative costs very effectively, as evidenced by the consistent reporting of 0% officer compensation across all available IRS 990 filings, suggesting a volunteer-driven or very lean executive structure.
What is the trend in UEDA's revenue?
UEDA's revenue has fluctuated over the years, but the latest reported revenue of $343,370 represents a significant increase compared to previous years, such as $231,084 in 2023 and $181,967 in 2022.
Filing History
IRS 990 filing history for Utility Economic Development Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Utility Economic Development Association's revenue has grown by 12.7%, moving from $205K to $231K. Total assets increased by 0.2% over the same period, from $170K to $170K. Total functional expenses rose by 36.8%, from $189K to $258K. In its most recent filing year (2023), Utility Economic Development Association reported a deficit of $27K, with expenses exceeding revenue. The organization holds $79K in liabilities against $170K in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $91K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $258K | $170K | $79K | — | View 990 |
| 2022 | $182K | $219K | $194K | $76K | — | — |
| 2021 | $157K | $177K | $183K | $28K | — | View 990 |
| 2020 | $140K | $162K | $240K | $64K | — | View 990 |
| 2019 | $210K | $217K | $254K | $57K | — | View 990 |
| 2018 | $221K | $196K | $274K | $70K | — | View 990 |
| 2017 | $223K | $206K | $249K | $70K | — | View 990 |
| 2016 | $197K | $192K | $224K | $63K | — | View 990 |
| 2015 | $229K | $191K | $214K | $58K | — | View 990 |
| 2014 | $194K | $199K | $187K | $69K | — | View 990 |
| 2013 | $188K | $197K | $179K | $57K | — | View 990 |
| 2012 | $194K | $192K | $174K | $43K | — | View 990 |
| 2011 | $205K | $189K | $170K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $258K, and assets of $170K (revenue +27.0% year-over-year).
- 2022: Revenue of $182K, expenses of $219K, and assets of $194K (revenue +16.2% year-over-year).
- 2021: Revenue of $157K, expenses of $177K, and assets of $183K (revenue +11.8% year-over-year).
- 2020: Revenue of $140K, expenses of $162K, and assets of $240K (revenue -33.3% year-over-year).
- 2019: Revenue of $210K, expenses of $217K, and assets of $254K (revenue -4.9% year-over-year).
- 2018: Revenue of $221K, expenses of $196K, and assets of $274K (revenue -1.0% year-over-year).
- 2017: Revenue of $223K, expenses of $206K, and assets of $249K (revenue +13.5% year-over-year).
- 2016: Revenue of $197K, expenses of $192K, and assets of $224K (revenue -14.2% year-over-year).
- 2015: Revenue of $229K, expenses of $191K, and assets of $214K (revenue +18.0% year-over-year).
- 2014: Revenue of $194K, expenses of $199K, and assets of $187K (revenue +3.1% year-over-year).
- 2013: Revenue of $188K, expenses of $197K, and assets of $179K (revenue -3.0% year-over-year).
- 2012: Revenue of $194K, expenses of $192K, and assets of $174K (revenue -5.3% year-over-year).
- 2011: Revenue of $205K, expenses of $189K, and assets of $170K.
Data Sources and Methodology
This transparency report for Utility Economic Development Association 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.