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Filing year 2024

CUMBERLAND ECONOMIC DEVELOPMENT COR

Cumberland, Maryland·EIN 47-4730548·NTEE S30 · Community Improvement & Capacity Building·3
Total revenue
$595k
Total assets
$1.3M
Total expenses
$848k
Reported officers
10
Mission

TO ENGAGE IN CHARITABLE AND EDUCATIONAL EFFORTS, AND SPECIFICALLY TO SUPPORT ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT IN ALLEGANY COUNTY, MARYLAND, WITH AN INITIAL FOCUS ON THE CITY OF CUMBERLAND.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2024

$127k
$135k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Up 4%
from 2023

From $122k in 2023 to $127k in 2024.

$122k
2023
$127k
2024
In today's dollarsEst.
Up 1% in real terms$134k to $135k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CUMBERLAND ECONOMIC DEVELOPMENT COR reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.7M
$1.8M
2023
$595k
$848k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Maryland

Comparable community improvement & capacity building organizations in Maryland pay their highest-earning executive a median of $114,928.

25th percentile
$64k
Median
$114,928
75th percentile
$182k
90th percentile
$276k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 68 organizations across 68 filings (2021 – 2023).

See full Community Improvement & Capacity Building pay data for Maryland
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