Allen County-Scottsville Industrial Development Authority Inc

Analysis

Allen County-Scottsville Industrial Development Authority Inc is a registered charity in United States, based in Scottsville, KY. It received its IRS tax-exemption ruling in December 2014, 12 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 2023, Allen County-Scottsville Industrial Development Authority Inc reported income of $1.9m and spending of $499k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $357k to $1.9m (+442%), an average of +53% a year. The sharpest change came in the year to June 2020, when income rose by 246%. Over the whole period it spent 36% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allen County-Scottsville Industrial Development Authority Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Lawrence-Crawford Association for Exceptional Citizens ($1.9m), Quality Employment Services and Training Inc ($1.9m) and Spanish American Committee for a Better Community ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 13% of the total. Other salaries and wages came to $98k. At year end it held assets of $7.0m against liabilities of $1.7m, net assets of $5.3m. It reported 2 employees.