Citizens Economic Development Inc
Only null% goes to programs Strong reserves Growing revenue
Citizens Economic Development Inc is a 501(c)(3) organization based in Wentworth, North Carolina, registered in 1987, with $341,116 in FY2024 revenue. CharityIndex grades it C+.
Po Box 66, Wentworth, NC, 27375 EIN 58-1745911 Since 1987
Revenue (FY2024)
$341K
▲ 281.1% vs prior year
Community median: $184K
Expenses (FY2024)
$40K
Net assets
$3.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Citizens Economic Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating1064 mo reserves · +88% 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 Citizens Economic Development Inc: 1064 mo reserves · +88% margin earns a B+ 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 Citizens Economic Development Inc— 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 Citizens Economic Development Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 66, Wentworth, NC, 27375
- City
- Wentworth
- State
- North Carolina
- Subcategory
- Economic Development
Financial trends
Revenue grew from $91K (FY2014) to $341K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.5M
Operating margin
88.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.5M
Total liabilities
$0
Net assets
$3.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $341,116▲281% | $39,741▲13.3% | $3,524,457▲9.4% | $3,524,457▲9.4% | 990 |
| 2023 | $89,514▼3.8% | $35,064▼68.0% | $3,223,082▼5.2% | $3,223,082▼6.3% | 990 |
| 2022 | $93,094▲52.2% | $109,658▲59.5% | $3,398,097▼0.5% | $3,439,366▼0.5% | 990 |
| 2021 | $61,166▼65.8% | $68,767▼62.6% | $3,415,410▲0.4% | $3,456,679▼0.2% | 990 |
| 2020 | $178,709▲54.3% | $183,697▲44.5% | $3,400,395▼0.1% | $3,464,791 | 990 |
| 2019 | $115,807▲164% | $127,142▼44.2% | $3,405,383▼0.3% | $3,466,148▼1.0% | 990 |
| 2018 | $43,793▲18.1% | $228,050▲518% | $3,416,716▼5.1% | $3,501,181▼4.1% | 990 |
| 2017 | $37,070▼22.7% | $36,905▼25.1% | $3,600,973▼3.3% | $3,651,163▼3.1% | 990 |
| 2016 | $47,927▲85.8% | $49,300▲202% | $3,722,999▲0.1% | $3,767,601▼0.8% | 990 |
| 2015 | $25,792▼71.8% | $16,324▼83.1% | $3,720,466▲3.6% | $3,799,116▲3.5% | 990 |
| 2014 | $91,422 | $96,828 | $3,592,649 | $3,670,155 | 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.
Grants received · $5,000 total
1 grant to Citizens Economic Development Inc totaling $5,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2020 | $5,000 |
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Frequently asked questions
- Is Citizens Economic Development Inc a legitimate nonprofit?
- Yes. Citizens Economic Development Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1745911, based in Wentworth, North Carolina. Donations are tax-deductible.
- What is Citizens Economic Development Inc's EIN?
- Citizens Economic Development Inc's Employer Identification Number (EIN) is 58-1745911.
- How much revenue does Citizens Economic Development Inc report?
- Citizens Economic Development Inc reported $341,116 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Citizens Economic Development Inc have?
- CharityIndex grades Citizens Economic Development Inc C+, based on financial health (reserves and operating margin).
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Data for Citizens Economic Development Inc (EIN 58-1745911) 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.