Canadian-hemphill County Economic Development Corporation
Only null% goes to programs Strong reserves Growing revenue
Canadian-hemphill County Economic Development Corporation is a 501(c)(3) organization based in Canadian, Texas, registered in 1996, with $402,106 in FY2023 revenue. CharityIndex grades it D.
119 N 2nd St, Canadian, TX, 79014 EIN 75-2627695 Since 1996
Revenue (FY2023)
$402K
▲ 53.7% vs prior year
Community median: $184K
Expenses (FY2023)
$538K
Net assets
$578K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Canadian-hemphill County Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating13 mo reserves · -34% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Canadian-hemphill County Economic Development Corporation: 13 mo reserves · -34% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Canadian-hemphill County Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Canadian-hemphill County Economic Development Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 119 N 2nd St, Canadian, TX, 79014
- City
- Canadian
- State
- Texas
- Subcategory
- Economic Development
Financial trends
Revenue grew from $379K (FY2013) to $402K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1,852Net assets $578K
Operating margin
-33.7%
Spent more than it raised in the latest fiscal year.
Total assets
$580K
Total liabilities
$1,852
Net assets
$578K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $402,106▲53.7% | $537,758▲189% | $578,177▼19.0% | $580,029▼19.2% | 990 |
| 2022 | $261,579▲8.3% | $186,344▲4.9% | $713,829▲11.3% | $718,125▲9.6% | 990 |
| 2021 | $241,602▼4.3% | $177,558▼15.5% | $641,416▲11.1% | $655,363▲8.4% | 990 |
| 2020 | $252,487▲2.2% | $210,237▼37.6% | $577,372▲7.9% | $604,664▲8.6% | 990 |
| 2019 | $247,046▲1.7% | $337,013▼15.4% | $535,122▼14.4% | $556,558▼13.1% | 990 |
| 2018 | $242,861▲6.6% | $398,277▼15.6% | $625,089▼19.9% | $640,469▼19.2% | 990 |
| 2017 | $227,906▼3.0% | $472,077▲52.6% | $780,505▼25.3% | $792,417▼24.4% | 990 |
| 2016 | $235,031▼13.8% | $309,347▲11.2% | $1,045,423▼6.6% | $1,048,240▼6.4% | 990 |
| 2015 | $272,712▼46.0% | $278,201▲4.0% | $1,119,739▼0.5% | $1,119,912▼0.5% | 990 |
| 2014 | $504,800▲33.2% | $267,501▼8.7% | $1,125,228▲29.0% | $1,125,228▲28.8% | 990 |
| 2013 | $378,987 | $293,014▼9.4% | $872,345▲10.9% | $873,705▲10.7% | 990 |
| 2012 | — | $323,468▲13.8% | $786,372▲22.2% | $789,077▲22.4% | 990 |
| 2011 | — | $284,152▲16.3% | $643,336▲75.4% | $644,798▲75.2% | 990 |
| 2010 | — | $244,363 | $366,805 | $368,028 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Compare Canadian-hemphill County Economic Development Corporation
Frequently asked questions
- Is Canadian-hemphill County Economic Development Corporation a legitimate nonprofit?
- Yes. Canadian-hemphill County Economic Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2627695, based in Canadian, Texas. Donations are tax-deductible.
- What is Canadian-hemphill County Economic Development Corporation's EIN?
- Canadian-hemphill County Economic Development Corporation's Employer Identification Number (EIN) is 75-2627695.
- How much revenue does Canadian-hemphill County Economic Development Corporation report?
- Canadian-hemphill County Economic Development Corporation reported $402,106 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Canadian-hemphill County Economic Development Corporation have?
- CharityIndex grades Canadian-hemphill County Economic Development Corporation D, based on financial health (reserves and operating margin).
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Data for Canadian-hemphill County Economic Development Corporation (EIN 75-2627695) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.