Southwest Indiana Development Council Inc

Analysis

Southwest Indiana Development Council Inc is a registered charity in United States, based in Tell City, IN. It received its IRS tax-exemption ruling in July 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Indiana Development Council Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $137k to $1.6m (+1067%), an average of +1067% a year. The sharpest change came in the year to December 2023, when income rose by 1067%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Indiana Development Council Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Guernsey County Community Development Corporation ($1.6m), The University of the Witwatersrand ($1.6m) and Launch ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.