Orange Economic Development Corp

Analysis

Orange Economic Development Corp is a registered charity in United States, based in Orange, CT. It received its IRS tax-exemption ruling in June 2000, 26 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, Orange Economic Development Corp reported income of $148k and spending of $125k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $148k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Orange Economic Development Corp sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include Adrian Kiwanis Foundation Inc ($148k), Restore Cny Inc ($148k) and Junior League of San Angelo Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 14% of the total. At year end it held assets of $99k against liabilities of $25k, net assets of $74k.