Economic Development & Financing Corporation is a 501(c)(3) organization based in Ukiah, California, registered in 1995, with $397,935 in FY2023 revenue. CharityIndex grades it B.
Revenue (FY2023)
$398K
▼ 63.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$322K
Net assets
$4.5M
Employees
—
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 Economic Development & Financing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Economic Development & Financing Corporation: 169 mo reserves · +19% margin earns a B+ on this criterion. See the exact thresholds →
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 Economic Development & Financing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Economic Development & Financing Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $159K (FY2014) to $398K (FY2023) across 10 reported years.
Financial snapshot
Operating margin
19.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.4M
Total liabilities
$1.9M
Net assets
$4.5M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $397,935▼63.4% | $321,718▼31.6% | $4,536,252▲1.7% | $6,403,930▲2.5% | 990 |
| 2022 | $1,087,868▼50.4% | $470,019▼0.4% | $4,460,035▲16.1% | $6,246,618▼0.7% | 990 |
| 2021 | $2,194,302▲70.4% | $471,787▲11.1% | $3,842,466▲81.3% | $6,289,075▲43.9% | 990 |
| 2020 | $1,287,962▲55.1% | $424,839▲5.7% | $2,119,951▲68.7% | $4,369,532▲21.8% | 990 |
| 2019 | $830,302▲15.2% | $402,096▲20.1% | $1,256,828▲51.7% | $3,587,495▲11.9% | 990 |
| 2018 | $720,917▲20.8% | $334,802▲4.6% | $828,622▲87.3% | $3,205,540▲9.3% | 990 |
| 2017 | $596,866▲104% | $320,064▲9.1% | $442,507▲46.8% | $2,933,790▲11.8% | 990 |
| 2016 | $292,623▲37.0% | $293,255▲67.0% | $301,410▼14.6% | $2,624,065▼3.4% | 990 |
| 2015 | $213,553▲34.3% | $175,618▲6.0% | $352,869▲12.0% | $2,715,087▲34.0% | 990 |
| 2014 | $158,983 | $165,636 | $314,934 | $2,026,772 | 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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Data for Economic Development & Financing Corporation (EIN 68-0346089) 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.