Montgomery County Economic Development Corporation

Analysis

Montgomery County Economic Development Corporation is a registered charity in United States, based in Hillsboro, IL. It received its IRS tax-exemption ruling in February 2007, 19 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, Montgomery County Economic Development Corporation reported income of $91k and spending of $91k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $91k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montgomery County Economic Development Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Santa Clarita Valley Education Foundation ($91k), Sweetwater Improvement Inc ($91k) and Harry Veterans Community Outreach Services Inc ($91k).

At year end it held assets of $228k against liabilities of $336, net assets of $227k.