Fulton Area Development Corp

Analysis

Fulton Area Development Corp is a registered charity in United States, based in Fulton, MO. It received its IRS tax-exemption ruling in November 1992, 34 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, Fulton Area Development Corp reported income of $134k and spending of $154k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $62k to $134k (+118%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 134%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fulton Area Development Corp sits at the 42nd percentile: it is larger than about 42% 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 Cedar Fairmount Special Improvement District ($134k), Dr Tracis House ($134k) and Woodville Wilkinson County Main Street Association Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 6.4% of the total. At year end it held assets of $635k against liabilities of $428k, net assets of $207k.