Kirksville Regional Economic Development Inc

Analysis

Kirksville Regional Economic Development Inc is a registered charity in United States, based in Kirksville, MO. It received its IRS tax-exemption ruling in November 1987, 39 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, Kirksville Regional Economic Development Inc reported income of $221k and spending of $149k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $221k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kirksville Regional Economic Development Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within MO. Charities of a similar size with the same main cause include Village at West Jefferson Inc ($221k), Indiana Association for College Admission Counseling Inc ($221k) and Spokane Interstate Livestock Boosters ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Other salaries and wages came to $109k. At year end it held assets of $720k against liabilities of $29k, net assets of $691k.