Rockingham Economic Development Corporation

Analysis

Rockingham Economic Development Corporation is a registered charity in United States, based in Raymond, NH. It received its IRS tax-exemption ruling in June 1996, 30 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 March 2024, Rockingham Economic Development Corporation reported income of $2.0m and spending of $1.7m, spending 84% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.7m to $2.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to March 2022, when income rose by 140%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rockingham Economic Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include Fairfax County Park Foundation Inc ($2.0m), Clark County Fair Inc ($2.0m) and Rebuilding Together St Louis ($2.0m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 61% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $503k (29% of expenses). Other salaries and wages came to $563k. At year end it held assets of $18.1m against liabilities of $5.2m, net assets of $12.9m. It reported 13 employees.