Economic Development Council of Shelby County Illinois

Analysis

Economic Development Council of Shelby County Illinois is a registered charity in United States, based in Shelbyville, IL. It received its IRS tax-exemption ruling in February 2012, 14 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, Economic Development Council of Shelby County Illinois reported income of $69k and spending of $68k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $69k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Development Council of Shelby County Illinois sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Blanchardville Community Pride Inc ($69k), DCLB Corp ($69k) and Port Richmond Industrial Development Enterprise Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 45% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.