Community Improvement (S30) IRS Verified DX Registered 990 on File

ORANGE ECONOMIC DEVELOPMENT CORP

EIN: 06-1527209 · ORANGE, CT 06477-2913 · United States · FY 2023 Data

3 out of 5 52 / 100 Based on 2+ years of filings

Financial strength (30%) 76/100

Reliability (20%) 55/100

Effectiveness (25%) 73/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

The Orange Economic Development Corporation (OEDC) is a private, not-for-profit organization, designed to administer the economic development initiatives of the Town of Orange. The OEDC maintains a strong relationship with the Town of Orange, local realtors, State of Connecticut agencies and various other groups designed to foster business development and encourage economic growth.

Financial Overview — FY 2023

$148K

Total Revenue

$125K

Total Expenses

$74K

Net Assets

N/A

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 100.0%

Fundraising Efficiency N/A

Operating Reserve 7.13x

Liability-to-Asset 25.1%

Revenue Diversification 56.5%

Compared with Peers

FY 2023

Compared with 5,777 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	100.0%	84.1%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	7.1 mo	11.1 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	25.1%	3.6%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	56.5%	93.2%	P10P90	Top quarter
Revenue growth Year over year revenue growth	24.8%	7.5%	P10P90
Expense growth Year over year expense growth	3.1%	13.2%	P10P90
Surplus margin Surplus as a share of revenue	15.4%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$148K	$125K	$74K	100.0%	—
2022	$119K	$122K	$52K	100.0%	—
2021	$177K	$117K	N/A	—	1
2020	$160K	$101K	N/A	—	1

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Organization Details

EIN: 06-1527209
State: CT
City: ORANGE
ZIP: 06477-2913
Classification: S30
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1997
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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The coverage grade (A to D) says how much filing data the score rests on; NONE means there is not enough to rate.
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"Compared with peers" places the charity's key ratios against organizations of the same country, sector and size.

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