Sheboygan County Economic Development Corporation Foundation

Analysis

Sheboygan County Economic Development Corporation Foundation is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in July 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 December 2023, Sheboygan County Economic Development Corporation Foundation reported income of $1.1m and spending of $61, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $1.1m (+289%), an average of +40% a year. The sharpest change came in the year to December 2022, when income dropped by 708%. Over the whole period it spent 196% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sheboygan County Economic Development Corporation Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Craft Training Employment ($1.1m), New Community Leadership Foundation Inc ($1.1m) and Sheet Metal Workers & Tri Cty Air Cond & SHT Mt Contr Joint TR Fund ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 154% of the total. At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.2m.