Eastern Plains Economic Development Corporation

Analysis

Eastern Plains Economic Development Corporation is a registered charity in United States, based in Glendive, MT. It received its IRS tax-exemption ruling in December 2008, 18 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 September 2023, Eastern Plains Economic Development Corporation reported income of $419k and spending of $197k, leaving 53% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $318k to $419k (+32%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 78%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern Plains Economic Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MT. Charities of a similar size with the same main cause include Hawaii Lions Foundation ($419k), Main Street Highland Park ($419k) and Choice to Change Inc ($419k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $58k (30% of expenses). Other salaries and wages came to $57k. At year end it held assets of $475k against liabilities of $13k, net assets of $462k. It reported 4 employees.