Muhlenberg Economic Growth Alliance

Analysis

Muhlenberg Economic Growth Alliance is a registered charity in United States, based in Greenville, KY. It received its IRS tax-exemption ruling in December 2024, 2 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, Muhlenberg Economic Growth Alliance reported income of $783k and spending of $507k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $783k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Muhlenberg Economic Growth Alliance sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Business Industry Foundation of Middlesex County Inc ($782k), Southeastern Employment and Training Association ($783k) and National Alliance of Community Economic Development Associations ($782k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $224k (44% of expenses). At year end it held assets of $2.2m against liabilities of $250k, net assets of $2.0m. It reported 3 employees.