Todd County Development Corporation

Analysis

Todd County Development Corporation is a registered charity in United States, based in Long Prairie, MN. It received its IRS tax-exemption ruling in March 2016, 10 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, Todd County Development Corporation reported income of $129k and spending of $147k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $129k (-46%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Todd County Development Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Burlington Downtown Corporation ($129k), Clearview Family Resources ($129k) and Westminster-Canterbury Development Corporation ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.3% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.