Fifth District Economic Development Fund Inc

Analysis

Fifth District Economic Development Fund Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fifth District Economic Development Fund Inc reported income of $234k and spending of $49k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $328k to $234k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 28% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fifth District Economic Development Fund Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Redemption Center Church ($234k), Real Clear Daf Inc ($234k) and Ministerios Propiedad de Cristo Jesus ($234k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (68% of expenses). At year end it held assets of $411k against liabilities of $0, net assets of $411k.