Yadkin County Economic Development Partnership

Analysis

Yadkin County Economic Development Partnership is a registered charity in United States, based in Yadkinville, NC. 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 June 2024, Yadkin County Economic Development Partnership reported income of $273k and spending of $270k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $308k to $273k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yadkin County Economic Development Partnership 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 58th percentile within NC. Charities of a similar size with the same main cause include Providence Resilience Partnership Inc ($273k), Progeny Start Ups Inc ($274k) and Institute for Family-Owned Business ($273k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $101k (37% of expenses). Other salaries and wages came to $59k. At year end it held assets of $675k against liabilities of $190k, net assets of $486k. It reported 4 employees.