Economic Development Corporation of Elkhart County Inc

Analysis

Economic Development Corporation of Elkhart County Inc is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Economic Development Corporation of Elkhart County Inc reported income of $567k and spending of $722k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $880k to $567k (-36%), an average of -10% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Development Corporation of Elkhart County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IN. Charities of a similar size with the same main cause include Helping Hands of Putnam County ($567k), Royalhouse Chapel New York Mission ($567k) and University of Nevada Las Vegas Alumni Association Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $139k (19% of expenses). Other salaries and wages came to $258k. At year end it held assets of $821k against liabilities of $247k, net assets of $574k. It reported 9 employees.