Dearborn County Convention Visitor & Tourism Bureau Inc

Analysis

Dearborn County Convention Visitor & Tourism Bureau Inc is a registered charity in United States, based in Lawrenceburg, IN. It received its IRS tax-exemption ruling in November 2019, 7 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, Dearborn County Convention Visitor & Tourism Bureau Inc reported income of $1.4m and spending of $646k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $815k to $1.4m (+69%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dearborn County Convention Visitor & Tourism Bureau 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 IN. Charities of a similar size with the same main cause include Greater Kokomo Economic Development Alliance Inc ($1.4m), Kailua Village Business Improvement District Inc ($1.4m) and West Seattle Junction Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $106k (16% of expenses). Other salaries and wages came to $34k. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m. It reported 2 employees.