Valparaiso Economic Development Corporation

Analysis

Valparaiso Economic Development Corporation is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in August 1984, 42 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, Valparaiso Economic Development Corporation reported income of $143k and spending of $128k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $449k to $143k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Valparaiso Economic Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include Maslow Development Inc ($143k), McHenry County Council of Goverments ($143k) and Encourage Me Im Young Inc ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $6,800, net assets of $68k.