Troy Development Council Inc

Analysis

Troy Development Council Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover employment, 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, Troy Development Council Inc reported income of $814k and spending of $312k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $814k (+193%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Troy Development Council Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Pilates Method Alliance Inc ($814k), Thousand Islands Regional Tourism Development Corporation ($815k) and Centennial Parkside CDC ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.