Grafton County Economic Development Council

Analysis

Grafton County Economic Development Council is a registered charity in United States, based in Plymouth, NH. It received its IRS tax-exemption ruling in February 1998, 28 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 June 2023, Grafton County Economic Development Council reported income of $588k and spending of $707k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $468k to $588k (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grafton County Economic Development Council sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within NH. Charities of a similar size with the same main cause include Alliance Lending Corporation ($588k), Immigrant Development Center ($588k) and Sacramento Business Services Center ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $96k (14% of expenses). Other salaries and wages came to $170k. At year end it held assets of $4.9m against liabilities of $729k, net assets of $4.1m. It reported 10 employees.