Hazelton Development Corporation

Analysis

Hazelton Development Corporation is a registered charity in United States, based in Hazelton, ND. It received its IRS tax-exemption ruling in October 2002, 24 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, Hazelton Development Corporation reported income of $70k and spending of $8,682, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9,798 to $70k (+618%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 29% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hazelton Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 19th percentile within ND. Charities of a similar size with the same main cause include Kansas Newspaper Foundation ($70k), Frisco Moms Care ($70k) and Monroe County Family Coalition Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 163% of the total. At year end it held assets of $706k against liabilities of $75k, net assets of $631k.