Madison County Economic Development Inc

Analysis

Madison County Economic Development Inc is a registered charity in United States, based in Anderson, IN. It received its IRS tax-exemption ruling in February 1982, 44 years ago. 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, Madison County Economic Development Inc reported income of $435k and spending of $436k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $435k (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Madison County Economic Development Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Greater Hudson Heritage Network ($435k), Netroots Foundation ($435k) and American Water Works Association ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $117k (27% of expenses). Other salaries and wages came to $109k. At year end it held assets of $388k against liabilities of $4,851, net assets of $383k. It reported 3 employees.