Putnam County Community Improvement Corporation

Analysis

Putnam County Community Improvement Corporation is a registered charity in United States, based in Ottawa, OH. It received its IRS tax-exemption ruling in February 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Putnam County Community Improvement Corporation reported income of $544k and spending of $521k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $621k to $544k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Putnam County Community Improvement Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Forging Industry Educational and Research Foundation ($544k), Philadelphia Community Development Coalition ($544k) and Oloc Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 40% of the total. Other salaries and wages came to $132k. At year end it held assets of $551k against liabilities of $3,428, net assets of $547k. It reported 3 employees.