Adams and Brown Counties Economic Opportunities Inc

Analysis

Adams and Brown Counties Economic Opportunities Inc is a registered charity in United States, based in Georgetown, OH. It received its IRS tax-exemption ruling in June 1965, 61 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, Adams and Brown Counties Economic Opportunities Inc reported income of $19.3m and spending of $19.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.8m to $19.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Adams and Brown Counties Economic Opportunities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Battle Creek Unlimited Inc ($19.2m), Cypress Hills Local Development Corporation Inc ($19.3m) and Palmetto Goodwill Services ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $114k (0.6% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $11.6m against liabilities of $5.4m, net assets of $6.1m. It reported 449 employees.