Cass Logansport Economic Development Orgization Inc

Analysis

Cass Logansport Economic Development Orgization Inc is a registered charity in United States, based in Logansport, IN. It received its IRS tax-exemption ruling in December 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, Cass Logansport Economic Development Orgization Inc reported income of $101k and spending of $122k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $101k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cass Logansport Economic Development Orgization Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Dyersville Progress Inc ($101k), Pentwater Artisan Learning Center Inc ($101k) and Old Dominion Foundation Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $58k (48% of expenses). Other salaries and wages came to $20k. At year end it held assets of $195k against liabilities of $2,295, net assets of $192k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.