Dewitt Chamber & Development Co

Analysis

Dewitt Chamber & Development Co is a registered charity in United States, based in Dewitt, IA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 May 2023, Dewitt Chamber & Development Co reported income of $238k and spending of $258k, spending 108% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $264k to $238k (-9.7%), an average of -3.4% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dewitt Chamber & Development Co 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 57th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Little League Baseball Inc ($238k), Harrison Industries Incorporated ($238k) and Downtown Cluster of Congregations Inc ($238k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 89% and program service revenue 7.1% of the total. Other salaries and wages came to $175k. At year end it held assets of $809k against liabilities of $148k, net assets of $661k. It reported 3 employees.