Decatur-Morgan County Entrepreneurial Center Inc

Analysis

Decatur-Morgan County Entrepreneurial Center Inc is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in August 2011, 15 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, Decatur-Morgan County Entrepreneurial Center Inc reported income of $1.1m and spending of $576k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $1.1m (+561%), an average of +60% a year. The sharpest change came in the year to December 2020, when income rose by 310%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Decatur-Morgan County Entrepreneurial Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include The Arc Noble County Foundations Incorporated ($1.1m), Washington HGTS Business Improvement Dist Mgment Assoc Inc ($1.1m) and Be Pro Be Proud Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Other salaries and wages came to $262k. At year end it held assets of $1.5m against liabilities of $11k, net assets of $1.5m. It reported 5 employees.