Arkansas Industrial and Economic Development Foundation Inc

Analysis

Arkansas Industrial and Economic Development Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2012, 14 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arkansas Industrial and Economic Development Foundation Inc reported income of $122k and spending of $72k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $122k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arkansas Industrial and Economic Development Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within AR. Charities of a similar size with the same main cause include Main Street Searcy Inc ($122k), National Charity League San Ramon Chapter ($123k) and Main Street Adel Chamber of Commerce Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.