Yakima County Development Association

Analysis

Yakima County Development Association is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in August 2013, 13 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, Yakima County Development Association reported income of $864k and spending of $994k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $969k to $864k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 143% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yakima County Development Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Valley Shenango Economic Development Corporation ($863k), Community Agroecology Network ($864k) and MRM North Campus Inc ($863k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $184k (19% of expenses). Other salaries and wages came to $381k. At year end it held assets of $1.6m against liabilities of $751k, net assets of $850k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.