Economic Development Corporation of the County of Delta

Analysis

Economic Development Corporation of the County of Delta is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in March 1994, 32 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, Economic Development Corporation of the County of Delta reported income of $104k and spending of $117k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $104k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Development Corporation of the County of Delta sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Forrest and Doris Sensenich Foundation ($104k), Denison Service League ($104k) and University Ballard Lions Foundation ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $207k against liabilities of $3,964, net assets of $203k.