Otsego County Economic Alliance Inc

Analysis

Otsego County Economic Alliance Inc is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Otsego County Economic Alliance Inc reported income of $244k and spending of $308k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $244k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 1956%. Over the whole period it spent 101% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Otsego County Economic Alliance Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Georgia Arborist Association Inc ($244k), Harvest of All First Nations ($244k) and Sustainable Claremont ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $90k (29% of expenses). Other salaries and wages came to $87k. At year end it held assets of $38k against liabilities of $7,718, net assets of $31k. It reported 3 employees.