Anna Economic Development Corporation

Analysis

Anna Economic Development Corporation is a registered charity in United States, based in Anna, TX. It received its IRS tax-exemption ruling in March 2011, 15 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 September 2023, Anna Economic Development Corporation reported income of $444k and spending of $786k, spending 177% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $419k to $444k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to September 2022, when income rose by 40674%. Over the whole period it spent 18% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anna Economic Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Bloomfieldavenue-Lowerbroadwaybid Inc ($444k), Multicultural Coalition Inc ($444k) and Quality Support Solutions Inc ($443k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $5.9m against liabilities of $4,095, net assets of $5.9m.