Spoon River Partnership for Economic Development

Analysis

Spoon River Partnership for Economic Development is a registered charity in United States, based in Canton, IL. It received its IRS tax-exemption ruling in September 2006, 20 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 2024, Spoon River Partnership for Economic Development reported income of $261k and spending of $159k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $198k to $261k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spoon River Partnership for Economic Development sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Greater Port Washington Business Improvement District Assoc Inc ($261k), Mathews County Visitor and Information Center Inc ($261k) and Hudson Cultural Alliance Inc ($261k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $74k. At year end it held assets of $483k against liabilities of $102k, net assets of $380k. It reported 3 employees.