Spencer-Owen County Economic Development Corporation

Analysis

Spencer-Owen County Economic Development Corporation is a registered charity in United States, based in Spencer, IN. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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, Spencer-Owen County Economic Development Corporation reported income of $301k and spending of $261k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $301k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spencer-Owen County Economic Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Libertyville Cooperative Nursery School ($301k), Dillard Alumni and Friends Incorporated ($301k) and Ambassador Camps Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 30% of the total. Other salaries and wages came to $126k. At year end it held assets of $389k against liabilities of $29k, net assets of $360k. It reported 3 employees.