Northwest Ottawa Economic Development Corporation

Analysis

Northwest Ottawa Economic Development Corporation is a registered charity in United States, based in Grand Haven, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Northwest Ottawa Economic Development Corporation reported income of $64k and spending of $82k, spending 127% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $149k to $64k (-57%), an average of -15% a year. The sharpest change came in the year to March 2022, when income rose by 74%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Ottawa Economic Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include Junior League of Topeka Inc ($64k), Monclova Historical Foundation ($64k) and Rotary Club of Westerly Foundation ($64k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $185k against liabilities of $81k, net assets of $104k.