Pottawattamie County Development Corporation

Analysis

Pottawattamie County Development Corporation is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in May 1997, 29 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 December 2023, Pottawattamie County Development Corporation reported income of $3.9m and spending of $2.0m, leaving 50% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $4.5m to $3.9m (-12%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income rose by 176%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pottawattamie County Development Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Science Park Development Corporation ($3.9m), Greenwich Town Party Inc ($3.9m) and Organizacion En California de Lideres Campesinas Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $48k (2.4% of expenses). Other salaries and wages came to $258k. At year end it held assets of $15.6m against liabilities of $4.5m, net assets of $11.2m. It reported 7 employees.