Dekalb County Economic Development Corporation

Analysis

Dekalb County Economic Development Corporation is a registered charity in United States, based in Dekalb, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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, Dekalb County Economic Development Corporation reported income of $648k and spending of $613k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $648k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dekalb County Economic Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Marian Heights Inc ($648k), Wisconsin Interscholastic Cycling League ($648k) and Womens Round Lake Impovement Society TR ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. Other salaries and wages came to $344k. At year end it held assets of $556k against liabilities of $65k, net assets of $491k. It reported 5 employees.