Delta Economic Development Corportation

Analysis

Delta Economic Development Corportation is a registered charity in United States, based in E Saint Louis, IL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Delta Economic Development Corportation reported income of $421k and spending of $423k, spending 100% of its income. Across the 5 years on record, from June 2018 to June 2022, income grew from $364k to $421k (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Delta Economic Development Corportation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include BCS Together ($421k), Aurora House Foundation ($421k) and Southern Ohio Area Task Force on Domestic Violence ($421k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 49% and program service revenue 45% of the total. Other salaries and wages came to $145k. At year end it held assets of $1.7m against liabilities of $441k, net assets of $1.2m. It reported 12 employees.