Huron County Growth Partnership Charities

Analysis

Huron County Growth Partnership Charities is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in May 1996, 30 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, Huron County Growth Partnership Charities reported income of $235k and spending of $259k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $235k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huron County Growth Partnership Charities sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Plaza Terrace Mutual Housing Association Inc ($235k), Volant Community Development Corporation ($235k) and Community Action Council of Crow Wing County Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.7% of the total. Other salaries and wages came to $137k. At year end it held assets of $944k against liabilities of $450k, net assets of $495k. It reported 2 employees.