Hoosier Uplands Economic Development Corporation

Analysis

Hoosier Uplands Economic Development Corporation is a registered charity in United States, based in Mitchell, IN. It received its IRS tax-exemption ruling in December 1972, 54 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, Hoosier Uplands Economic Development Corporation reported income of $20.0m and spending of $21.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.4m to $20.0m (+3.2%), an average of +0.8% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hoosier Uplands Economic Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Work Skills Corporation ($20.0m), Building Service Thomas Shortman Training Scholarship and ($20.1m) and Threshold Rehabilitation Services Inc ($19.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $266k (1.3% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $48.1m against liabilities of $7.3m, net assets of $40.8m. It reported 294 employees.