Jefferson County Development Corporation

Analysis

Jefferson County Development Corporation is a registered charity in United States, based in Mount Vernon, IL. It received its IRS tax-exemption ruling in October 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 April 2024, Jefferson County Development Corporation reported income of $294k and spending of $323k, spending 110% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $209k to $294k (+41%), an average of +8.9% a year. The sharpest change came in the year to April 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jefferson County Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Moravia Park Community Development Corporation ($294k), Volunteer Center of the Lehigh Valley ($294k) and Bay Area Houston Advanced Technology Consortium ($294k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $126k (39% of expenses). Other salaries and wages came to $52k. At year end it held assets of $515k against liabilities of $0, net assets of $515k. It reported 3 employees.