Door County Economic Development Corporation

Analysis

Door County Economic Development Corporation is a registered charity in United States, based in Sturgeon Bay, WI. It received its IRS tax-exemption ruling in September 1989, 37 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, Door County Economic Development Corporation reported income of $597k and spending of $611k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $881k to $597k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Door County Economic Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Perrysburg Heights Community Association ($597k), Greater Dwight Development Corporation ($597k) and California North Referee Administration ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $113k (18% of expenses). Other salaries and wages came to $133k. At year end it held assets of $2.7m against liabilities of $66k, net assets of $2.7m. It reported 7 employees.