Clarksville Economic Development Association Inc

Analysis

Clarksville Economic Development Association Inc is a registered charity in United States, based in Clarksville, VA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clarksville Economic Development Association Inc reported income of $117k and spending of $78k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $205k to $117k (-43%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clarksville Economic Development Association Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Manton Area Retirees Club ($117k), Fostering Connections ($117k) and The Anawim ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $357k against liabilities of $0, net assets of $357k.