Greater Marion Community Area New Development Organization Inc

Analysis

Greater Marion Community Area New Development Organization Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in February 1994, 32 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, Greater Marion Community Area New Development Organization Inc reported income of $204k and spending of $232k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $351k to $204k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Marion Community Area New Development Organization Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OH. Charities of a similar size with the same main cause include Oneida County Economic Development Corp ($204k), Delta Foundation Inc 819 Main St ($204k) and Treasures 4 Educators Inc ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $130k (56% of expenses). At year end it held assets of $241k against liabilities of $5,996, net assets of $235k. It reported 2 employees.