Jackson County Industrial Development Corporation

Analysis

Jackson County Industrial Development Corporation is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in March 1985, 41 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, Jackson County Industrial Development Corporation reported income of $599k and spending of $610k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $605k to $599k (-1.0%), an average of -0.2% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jackson County Industrial Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Dan River Business Development Center ($599k), Georgia Building Trades Academy Inc ($599k) and East Market Street Development Corporation ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $179k (29% of expenses). Other salaries and wages came to $145k. At year end it held assets of $842k against liabilities of $1,436, net assets of $840k. It reported 4 employees.