Mt Washington Valley Economic Council

Analysis

Mt Washington Valley Economic Council is a registered charity in United States, based in Conway, NH. It received its IRS tax-exemption ruling in February 1992, 34 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, Mt Washington Valley Economic Council reported income of $144k and spending of $342k, spending 238% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $258k to $144k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 140% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mt Washington Valley Economic Council sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within NH. Charities of a similar size with the same main cause include Northeast Pensacola Sertoma Club in C ($144k), Friends of NW 10th Street ($144k) and Hamline Midway Coalition ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $45k. At year end it held assets of $3.3m against liabilities of $2.6m, net assets of $654k. It reported 4 employees.