Stafford County Economic Development Inc

Analysis

Stafford County Economic Development Inc is a registered charity in United States, based in St John, KS. It received its IRS tax-exemption ruling in January 2013, 13 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, Stafford County Economic Development Inc reported income of $1.4m and spending of $768k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $428k to $1.4m (+236%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Stafford County Economic Development Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KS. Charities of a similar size with the same main cause include Carolinas-Virginia Minority Supplier Developoment Councils Inc ($1.4m), Southwest Louisiana Alliance Foundation Inc ($1.4m) and College Park City-University Partnership Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $34k (4.4% of expenses). Other salaries and wages came to $69k. At year end it held assets of $6.0m against liabilities of $1.9m, net assets of $4.1m. It reported 4 employees.