Barron County Economic Development Corporation

Analysis

Barron County Economic Development Corporation is a registered charity in United States, based in Barron, WI. It received its IRS tax-exemption ruling in October 2005, 21 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, Barron County Economic Development Corporation reported income of $160k and spending of $163k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $160k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Barron County Economic Development Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include East Walnut Hills Assembly ($160k), Volga-German Centennial Association ($160k) and Freedom Fighters Foundation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $4,303, net assets of $46k.