Platte County Economic Development Council Incorporated

Analysis

Platte County Economic Development Council Incorporated is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in September 1989, 37 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, Platte County Economic Development Council Incorporated reported income of $331k and spending of $331k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $341k to $331k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Platte County Economic Development Council Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include San Diego County Prosperity Foundation ($331k), Our Lady of Keaau ($331k) and Los Angeles Choreographers and Dancers Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $100k (30% of expenses). At year end it held assets of $263k against liabilities of $684, net assets of $262k. It reported 4 employees.