Russell Development Inc

Analysis

Russell Development Inc is a registered charity in United States, based in Russell, KS. It received its IRS tax-exemption ruling in June 2001, 25 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, Russell Development Inc reported income of $835k and spending of $3,570, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $835k (+416%), an average of +416% a year. The sharpest change came in the year to December 2023, when income rose by 416%. Over the whole period it spent 6.9% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Russell Development Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KS. Charities of a similar size with the same main cause include Iquilt Partnership Inc ($834k), Computer and Technology Resource Center ($835k) and Faith in Action East Bay ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.