Oconto County Economic Development Corporation

Analysis

Oconto County Economic Development Corporation is a registered charity in United States, based in Oconto, WI. It received its IRS tax-exemption ruling in October 1988, 38 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, Oconto County Economic Development Corporation reported income of $1.6m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $1.6m (+187%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Oconto County Economic Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Partnership for Community Action ($1.6m), Miami Valley Research Foundation ($1.6m) and Delaware Alliance for Nonprofit Advancement Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $110k (7.7% of expenses). Other salaries and wages came to $72k. At year end it held assets of $864k against liabilities of $60k, net assets of $804k. It reported 3 employees.