Macon County Economic Development Inc

Analysis

Macon County Economic Development Inc is a registered charity in United States, based in Macon, MO. It received its IRS tax-exemption ruling in July 1983, 43 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 December 2023, Macon County Economic Development Inc reported income of $133k and spending of $124k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $138k to $133k (-4.0%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macon County Economic Development Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include German Language School of Marin ($133k), Little League Baseball Inc ($133k) and Katharine Manor Condominium Association ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $43k (34% of expenses). Other salaries and wages came to $29k. At year end it held assets of $867k against liabilities of $1,262, net assets of $866k. It reported 2 employees.