Graettinger Economic Development Council

Analysis

Graettinger Economic Development Council is a registered charity in United States, based in Graettinger, IA. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Graettinger Economic Development Council reported income of $957k and spending of $990k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $957k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Graettinger Economic Development Council sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within IA. Charities of a similar size with the same main cause include Action Baseball Club Inc ($957k), Magic Soccer Club of Indiana ($958k) and Montgomery County Agricultural Society ($956k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 93% of the total. Other salaries and wages came to $261k. At year end it held assets of $1.4m against liabilities of $358k, net assets of $1.0m. It reported 23 employees.