Sherman County Economic Development Inc

Analysis

Sherman County Economic Development Inc is a registered charity in United States, based in Loup City, NE. It received its IRS tax-exemption ruling in June 2010, 16 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 September 2024, Sherman County Economic Development Inc reported income of $721k and spending of $214k, leaving 70% of income unspent that year. Across the 6 years on record, from September 2019 to September 2024, income grew from $164k to $721k (+341%), an average of +34% a year. The sharpest change came in the year to September 2024, when income rose by 197%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sherman County Economic Development Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NE. Charities of a similar size with the same main cause include Harrisburg Downtown Improvement District Inc ($720k), Historic Third Ward Association Inc ($721k) and Joffa ($720k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 96% and program service revenue 7.1% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.6m against liabilities of $159k, net assets of $1.5m. It reported 1 employees.