Joplin Business and Industrial Development Corporation

Analysis

Joplin Business and Industrial Development Corporation is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in April 1986, 40 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 October 2023, Joplin Business and Industrial Development Corporation reported income of $300k and spending of $225k, leaving 25% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income fell from $466k to $300k (-36%), an average of -10% a year. The sharpest change came in the year to October 2022, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Joplin Business and Industrial Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within MO. Charities of a similar size with the same main cause include Pompano Beach Rotary Fund Inc ($300k), Emq Auxiliary ($300k) and Amal Academy Inc ($300k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $305k against liabilities of $5,549, net assets of $300k.