Huntington County United Economic Development Corporation

Analysis

Huntington County United Economic Development Corporation is a registered charity in United States, based in Huntington, IN. It received its IRS tax-exemption ruling in April 1990, 36 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, Huntington County United Economic Development Corporation reported income of $663k and spending of $350k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $839k to $663k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huntington County United Economic Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Emmanuel Communities Inc ($663k), Pci Foundation ($663k) and Sior Foundation ($663k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $112k (32% of expenses). Other salaries and wages came to $18k. At year end it held assets of $3.3m against liabilities of $1.7m, net assets of $1.6m. It reported 2 employees.