Richland County Development Corporation

Analysis

Richland County Development Corporation is a registered charity in United States, based in Olney, IL. It received its IRS tax-exemption ruling in January 1988, 38 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 June 2024, Richland County Development Corporation reported income of $174k and spending of $176k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2024, income fell from $197k to $174k (-12%), an average of -4.1% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Richland County Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include Morris Park Community Association Inc ($174k), Pennsylvania State Association of County Fairs ($174k) and Detroit Change Initiative ($174k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $69k. At year end it held assets of $368k against liabilities of $1,349, net assets of $366k. It reported 1 employees.