Graves County Economic Development Inc

Analysis

Graves County Economic Development Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in March 1982, 44 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 2023, Graves County Economic Development Inc reported income of $81k and spending of $13k, leaving 84% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income fell from $2.8m to $81k (-97%), an average of -83% a year. The sharpest change came in the year to June 2023, when income dropped by 96%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Graves County Economic Development Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Uplift Community Fund ($81k), Casa Tallaboena de Formacion Comunitaria Y Resiliencia Inc ($81k) and Saguaro Janes Corporation ($81k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.