Piscataquis County Economic Development Council

Analysis

Piscataquis County Economic Development Council is a registered charity in United States, based in Dovr Foxcroft, ME. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Piscataquis County Economic Development Council reported income of $453k and spending of $448k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $377k to $453k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Piscataquis County Economic Development Council sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Lockport Locks Heritage District Corporation ($453k), Camp County Developmentally Disabled Association Inc ($453k) and Black Silo Foundation ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $108k. At year end it held assets of $717k against liabilities of $3,443, net assets of $713k. It reported 2 employees.