Steuben County Economic Development Corporation

Analysis

Steuben County Economic Development Corporation is a registered charity in United States, based in Angola, IN. It received its IRS tax-exemption ruling in July 2006, 20 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, Steuben County Economic Development Corporation reported income of $538k and spending of $615k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $538k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Steuben County Economic Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Short North Special Improvement District Inc ($537k), Fostering Family ($539k) and Cambridge Waterfront Development Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Other salaries and wages came to $179k. At year end it held assets of $986k against liabilities of $23k, net assets of $964k. It reported 9 employees.