Scotland County Economic Development Corporation

Analysis

Scotland County Economic Development Corporation is a registered charity in United States, based in Laurinburg, NC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover employment, 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, Scotland County Economic Development Corporation reported income of $2.9m and spending of $359k, leaving 88% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $995k to $2.9m (+192%), an average of +31% a year. The sharpest change came in the year to June 2023, when income rose by 411%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Scotland County Economic Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Mobile Area Chamber of Commerce Foundation Inc ($2.9m), Associated Builders & Contractors Wisc Inc Aprntcshp & TRNG TR ($2.9m) and Brite Energy Innovators ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $8.0m against liabilities of $1.8m, net assets of $6.2m.