Economic Development Partnership of Wright County

Analysis

Economic Development Partnership of Wright County is a registered charity in United States, based in Delano, MN. It received its IRS tax-exemption ruling in February 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Development Partnership of Wright County reported income of $265k and spending of $335k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $180k to $265k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 184%. 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, Economic Development Partnership of Wright County sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Christian Womens Job Corps of McLennan County ($265k), Bates Community Development Corporation ($265k) and Homer-Cortland Community Agency Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $168k (50% of expenses). At year end it held assets of $299k against liabilities of $0, net assets of $299k. It reported 2 employees.