Entrepreneur Development Center Southwest Tennessee Inc

Analysis

Entrepreneur Development Center Southwest Tennessee Inc is a registered charity in United States, based in Jackson, TN. It received its IRS tax-exemption ruling in September 2012, 14 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 June 2024, Entrepreneur Development Center Southwest Tennessee Inc reported income of $799k and spending of $653k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.6m to $799k (-50%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Entrepreneur Development Center Southwest Tennessee Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Latino Hispanic American Community Center ($799k), Biomed Sa ($799k) and Obion County Joint Economic Development Corporation ($798k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $67k (10% of expenses). Other salaries and wages came to $275k. At year end it held assets of $1.1m against liabilities of $4,790, net assets of $1.1m. It reported 9 employees.