Regional Economic Development Investments Inc

Analysis

Regional Economic Development Investments Inc is a registered charity in United States, based in Ottumwa, IA. It received its IRS tax-exemption ruling in February 1993, 33 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, Regional Economic Development Investments Inc reported income of $51k and spending of $17k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $84k to $51k (-39%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 2072%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Regional Economic Development Investments Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IA. Charities of a similar size with the same main cause include Apmi International Inc ($51k), Community Commitment Education Center ($51k) and Morrisville Innovation Foundation ($51k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.