Gibson County Economic Developmentcorporation

Analysis

Gibson County Economic Developmentcorporation is a registered charity in United States, based in Princeton, IN. It received its IRS tax-exemption ruling in January 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, Gibson County Economic Developmentcorporation reported income of $366k and spending of $395k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $414k to $366k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. 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, Gibson County Economic Developmentcorporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Michigan Retailers Foundation ($366k), Logosworks Properties ($366k) and 86th Street Bay Ridge District Management Association Inc ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $112k (28% of expenses). At year end it held assets of $1.1m against liabilities of $284k, net assets of $788k. It reported 2 employees.