Boonslick Community Development Corporation

Analysis

Boonslick Community Development Corporation is a registered charity in United States, based in Boonville, MO. It received its IRS tax-exemption ruling in September 2014, 12 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, Boonslick Community Development Corporation reported income of $214k and spending of $142k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $327k to $214k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 623%. Over the whole period it spent 15% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boonslick Community Development Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within MO. Charities of a similar size with the same main cause include Grow Logan County Foundation ($214k), Job Seekers Network ($214k) and Downtown Smithfield Development Corporation ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 9.6% of the total. Other salaries and wages came to $90k. At year end it held assets of $2.6m against liabilities of $97k, net assets of $2.5m. It reported 1 employees.