Elmore County Economic Development Authority

Analysis

Elmore County Economic Development Authority is a registered charity in United States, based in Wetumpka, AL. It received its IRS tax-exemption ruling in March 2003, 23 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 September 2023, Elmore County Economic Development Authority reported income of $728k and spending of $510k, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $485k to $728k (+50%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elmore County Economic Development Authority sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Clergy United for the Transformation of Sandtown CDC ($728k), Designxri ($728k) and Mercado LA Paloma Inc ($727k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $142k (28% of expenses). At year end it held assets of $176k against liabilities of $9,554, net assets of $167k.