Randolph County Community and Economic Development Foundation

Analysis

Randolph County Community and Economic Development Foundation is a registered charity in United States, based in Winchester, IN. It received its IRS tax-exemption ruling in February 1992, 34 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, Randolph County Community and Economic Development Foundation reported income of $400k and spending of $580k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $400k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Randolph County Community and Economic Development Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Civic Education Fund ($400k), El Paso Collaborative for Community and Economic Development ($401k) and Central Regional Tourism District Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $155k. At year end it held assets of $793k against liabilities of $101k, net assets of $692k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.