Defiance Development and Visitorsbureau Inc

Analysis

Defiance Development and Visitorsbureau Inc is a registered charity in United States, based in Defiance, OH. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Defiance Development and Visitorsbureau Inc reported income of $512k and spending of $545k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $512k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Defiance Development and Visitorsbureau Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Turning Tables ($512k), Chicago Southland Economic Development Corporation ($512k) and Community Work Services Foundation Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $56k (10% of expenses). Other salaries and wages came to $54k. At year end it held assets of $478k against liabilities of $2,682, net assets of $475k. It reported 3 employees.