Danville-Boyle County Economic Develpment Partnership Inc

Analysis

Danville-Boyle County Economic Develpment Partnership Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in September 1998, 28 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, Danville-Boyle County Economic Develpment Partnership Inc reported income of $350k and spending of $365k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $354k to $350k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Danville-Boyle County Economic Develpment Partnership Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within KY. Charities of a similar size with the same main cause include Havenwoods Economic Developement Corp ($350k), Mark Terk Charitable Foundation ($350k) and Instituto de Competitividad Y Sostenibilidad Economica de Puerto ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $188k. At year end it held assets of $427k against liabilities of $9,148, net assets of $418k. It reported 11 employees.