Cass County Economic Development Corporation

Analysis

Cass County Economic Development Corporation is a registered charity in United States, based in Walker, MN. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Cass County Economic Development Corporation reported income of $203k and spending of $224k, spending 110% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $300k to $203k (-32%), an average of -12% a year. The sharpest change came in the year to September 2022, when income rose by 84%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cass County Economic Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Barre 2000 and Beyond Inc ($203k), Queen Anne Neighbors for Responsible Growth ($204k) and Menzfit in Per Suit of Change ($203k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $107k (48% of expenses). Other salaries and wages came to $45k. At year end it held assets of $1.0m against liabilities of $140k, net assets of $861k. It reported 3 employees.