Sandusky County Economic Development

Analysis

Sandusky County Economic Development is a registered charity in United States, based in Fremont, OH. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Sandusky County Economic Development reported income of $365k and spending of $335k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $365k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sandusky County Economic Development sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Cope Environmental Center Inc ($365k), Hope4nations ($365k) and The Association of Midwest Academic Anesthesia Chairs Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $152k (45% of expenses). Other salaries and wages came to $50k. At year end it held assets of $379k against liabilities of $42k, net assets of $338k.