CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION
CUMBERLAND,
Maryland,
21502
EIN: 47-4730548
Community Improvement, Capacity Building
DEMOGRAPHIC
ADDRESS
118 BALTIMORE ST STE 202
21502
COUNTY
allegany county, MD
IN CARE OF NAME
MR SHAWN P HERSHBERGER
ORGANIZATIONAL OVERVIEW & RANKINGS
CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION is a based in CUMBERLAND, MD, focused on Community Improvement, Capacity Building causes , specifically Economic Development. Established in October 2015, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $1,770,451.00, this ranks 161,062 among 2,656,690 nonprofits nationally (Top 7%), demonstrating substantial financial capacity relative to its peers. At the state level, it stands at 3,341 out of 58,073 organizations in MD (Top 6%).
In allegany county, MD, the organization ranks 26 out of 659 nonprofits by assets (Top 4%), while locally in cumberland, it stands at 20 among 362 organizations (Top 5%).
The organization reported annual revenue of $2,871,616.00, ranking 68,483 nationally (Top 3%) and 1,492 in MD (Top 3%).
Within its specific NTEE classification (S30 - S: Community Improvement, Capacity Building), which includes 4,887 similar organizations, CUMBERLAND ECONOMIC DEVELOPMENT CORPORATION ranks 466 in assets (Top 10%) and 179 in revenue (Top 4%).
The organization files a 990 (all other) or 990EZ return and operates on a May fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S30: Economic Development
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
06/2023
ACCOUNTING PERIOD
06
INCOME CODE
6: $1,000,000 to $4,999,999
INCOME AMOUNT
$3,383,736.00
FORM 990 REVENUE AMOUNT
$2,871,616.00
RULING DATE
10/2015
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$1,770,451.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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