Economic Development Alliance of Southern Ohio

Analysis

Economic Development Alliance of Southern Ohio is a registered charity in United States, based in Chillicothe, OH. It received its IRS tax-exemption ruling in April 2007, 19 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, Economic Development Alliance of Southern Ohio reported income of $109k and spending of $211k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $109k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Development Alliance of Southern Ohio sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include Urban Resources Development Corporation ($109k), Harry Whiting Brown Community House ($109k) and Lenoir Service League Incorporated ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $144k against liabilities of $3,007, net assets of $141k.