Stevens County Economic Improvement Commission

Analysis

Stevens County Economic Improvement Commission is a registered charity in United States, based in Morris, MN. It received its IRS tax-exemption ruling in October 1980, 46 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, Stevens County Economic Improvement Commission reported income of $185k and spending of $255k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $185k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stevens County Economic Improvement Commission sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Main Street Fremont Inc ($185k), Fund for the Center for Community Change ($185k) and Texas-Oklahoma Kiwanis Foundation Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $84k (33% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1.6m against liabilities of $414k, net assets of $1.2m. It reported 2 employees.