Jacksonville Onslow Economic Development Partnership

Analysis

Jacksonville Onslow Economic Development Partnership is a registered charity in United States, based in Jacksonville, NC. 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 June 2024, Jacksonville Onslow Economic Development Partnership reported income of $227k and spending of $109k, leaving 52% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1,000 to $227k (+22643%), an average of +1408% a year. The sharpest change came in the year to June 2023, when income rose by 31620%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jacksonville Onslow Economic Development Partnership sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Marshalltown Central Business District Inc MCBD ($227k), Independence Square Main Street ($228k) and Jacksonville Fraternal Order of Police Foundation Inc ($227k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $133k against liabilities of -$83, net assets of $133k.