Obion County Joint Economic Development Corporation

Analysis

Obion County Joint Economic Development Corporation is a registered charity in United States, based in Union City, TN. It received its IRS tax-exemption ruling in January 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 June 2024, Obion County Joint Economic Development Corporation reported income of $798k and spending of $645k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $397k to $798k (+101%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Obion County Joint Economic Development Corporation 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 77th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Main Street Skowhegan ($798k), Latino Hispanic American Community Center ($799k) and South Memphis Alliance Incorporated ($797k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 17% of the total. Other salaries and wages came to $163k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m. It reported 5 employees.