West Central Indiana Economic Development District Inc

Analysis

West Central Indiana Economic Development District Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in August 1969, 57 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, West Central Indiana Economic Development District Inc reported income of $6.9m and spending of $5.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Indiana Economic Development District Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Bobby Dodd Enterprises Inc ($6.9m), Southwestern Pennsylvania Human Services Inc ($6.9m) and Casa Allegra Community Services ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $142k (2.4% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $4.0m against liabilities of $816k, net assets of $3.1m. It reported 77 employees.