Keokuk Economic Development Corporation

Analysis

Keokuk Economic Development Corporation is a registered charity in United States, based in Keokuk, IA. It received its IRS tax-exemption ruling in April 1999, 27 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 June 2024, Keokuk Economic Development Corporation reported income of $93k and spending of $17k, leaving 81% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $149k to $93k (-38%), an average of -38% a year. The sharpest change came in the year to June 2024, when income dropped by 38%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keokuk Economic Development Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Neoac Advisory Council ($93k), Citizens Economic Development Inc ($93k) and Willamette Valley Wine Foundation ($93k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. At year end it held assets of $615k against liabilities of $303k, net assets of $312k.