Langlade County Economic Development Corporation

Analysis

Langlade County Economic Development Corporation is a registered charity in United States, based in Antigo, WI. It received its IRS tax-exemption ruling in April 2009, 17 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, Langlade County Economic Development Corporation reported income of $392k and spending of $373k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $392k (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 364%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Langlade County Economic Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Centro Nueva Creacion-New Creation ($391k), Granary Foundation ($392k) and Iowa Foundation for Microenterprise and Community Vitality ($391k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $79k (21% of expenses). Other salaries and wages came to $60k. At year end it held assets of $872k against liabilities of $106k, net assets of $766k. It reported 3 employees.