Economic Development Partnership of Hillsdale County Inc

Analysis

Economic Development Partnership of Hillsdale County Inc is a registered charity in United States, based in Litchfield, MI. It received its IRS tax-exemption ruling in July 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 June 2023, Economic Development Partnership of Hillsdale County Inc reported income of $300k and spending of $292k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $210k to $300k (+43%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 22%. 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, Economic Development Partnership of Hillsdale County Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Arizona Career Development Center ($299k), District 2 Community Enhancement Corporation ($300k) and Northern Shores Community Development ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $130k. At year end it held assets of $501k against liabilities of $143k, net assets of $357k. It reported 2 employees.