East Montgomery County Economic Development Corporation

Analysis

East Montgomery County Economic Development Corporation is a registered charity in United States, based in New Caney, TX. It received its IRS tax-exemption ruling in August 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, East Montgomery County Economic Development Corporation reported income of $623k and spending of $40k, leaving 94% of income unspent that year. Across the 4 years on record, from September 2019 to September 2022, income grew from $529k to $623k (+18%), an average of +5.6% a year. The sharpest change came in the year to September 2020, when income rose by 85%. Over the whole period it spent 6.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Montgomery County Economic Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Berks County Industrial Development Foundation ($622k), Fairmount Community Development Corporation ($623k) and Institute for Local Innovations Inc ($622k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 80% of the total. At year end it held assets of $6.2m against liabilities of $0, net assets of $6.2m.