Dubois County Area Development Corporation

Analysis

Dubois County Area Development Corporation is a registered charity in United States, based in Jasper, IN. It received its IRS tax-exemption ruling in February 2005, 21 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, Dubois County Area Development Corporation reported income of $322k and spending of $289k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $312k to $322k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dubois County Area Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include 2523 Market Corp ($322k), Puzzle Piece Pastries Inc ($323k) and Forest City Food Collective ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $116k (40% of expenses). Other salaries and wages came to $63k. At year end it held assets of $686k against liabilities of $5,682, net assets of $680k. It reported 4 employees.