Grant County Economic Growth Council Inc

Analysis

Grant County Economic Growth Council Inc is a registered charity in United States, based in Marion, IN. It received its IRS tax-exemption ruling in December 1984, 42 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, Grant County Economic Growth Council Inc reported income of $1.1m and spending of $990k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $913k to $1.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Grant County Economic Growth Council Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Kisco Foundation Inc ($1.1m), Mesa-Outreach Inc ($1.1m) and Masonic Education and Charity Trust ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $19k (1.9% of expenses). Other salaries and wages came to $25k. At year end it held assets of $9.9m against liabilities of $9.3m, net assets of $646k. It reported 2 employees.