Emmetsburg Community Developmentcorporation

Analysis

Emmetsburg Community Developmentcorporation is a registered charity in United States, based in Emmetsburg, IA. It received its IRS tax-exemption ruling in March 2017, 9 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 June 2024, Emmetsburg Community Developmentcorporation reported income of $272k and spending of $101k, leaving 63% of income unspent that year. Across the 6 years on record, from December 2019 to June 2024, income grew from $206k to $272k (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2024, when income rose by 192%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Emmetsburg Community Developmentcorporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include South Charleston Convention & Visitors Bureau Inc ($272k), Midtown Redevelopment Corporation ($272k) and Montgomery Institute ($272k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. At year end it held assets of $1.4m against liabilities of $928k, net assets of $509k.