Perry Economic Development Inc

Analysis

Perry Economic Development Inc is a registered charity in United States, based in Perry, IA. It received its IRS tax-exemption ruling in December 1984, 42 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 2023, Perry Economic Development Inc reported income of $158k and spending of $493k, spending 311% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3,471 to $158k (+4462%), an average of +257% a year. The sharpest change came in the year to June 2021, when income rose by 57432%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perry Economic Development Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include National Council of Jewish Women Incorporated ($158k), Ncif NFP Inc ($158k) and Nourishing Networks Central ($158k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $40k. At year end it held assets of $4.6m against liabilities of $1.8m, net assets of $2.8m.