Lincoln County Economic Development Corporation

Analysis

Lincoln County Economic Development Corporation is a registered charity in United States, based in Limon, CO. It received its IRS tax-exemption ruling in November 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 December 2023, Lincoln County Economic Development Corporation reported income of $162k and spending of $134k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $162k (+12%), an average of +12% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lincoln County Economic Development Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Better Ponca Foundation Inc ($162k), Mission Hill Main Streets ($162k) and Mac Davis Museum and Academy of Songwriting Inc ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $242k against liabilities of $2,804, net assets of $239k.