South-Central Indiana Regional Economic Development Corp

Analysis

South-Central Indiana Regional Economic Development Corp is a registered charity in United States, based in French Lick, IN. It received its IRS tax-exemption ruling in January 1995, 31 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, South-Central Indiana Regional Economic Development Corp reported income of $384k and spending of $303k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $458k to $384k (-16%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South-Central Indiana Regional Economic Development Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Ravalli County Economic Development Authority ($384k), Kodiak Community Support Inc ($384k) and Niagara Community Center Inc ($384k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 11% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.1m against liabilities of $4,075, net assets of $2.1m. It reported 3 employees.