Holmes County Economic Development Council Inc

Analysis

Holmes County Economic Development Council Inc is a registered charity in United States, based in Millersburg, OH. It received its IRS tax-exemption ruling in March 2007, 19 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, Holmes County Economic Development Council Inc reported income of $132k and spending of $121k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $132k (+15%), an average of +15% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Holmes County Economic Development Council Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Durham C a N-Congregations Associations and Neighborhoods ($132k), Johnson Memorial Foundation ($132k) and Jewish Studies Center Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $210k against liabilities of $3,701, net assets of $206k.