Easton Economic Development Corporation

Analysis

Easton Economic Development Corporation is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in December 2015, 11 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, Easton Economic Development Corporation reported income of $645k and spending of $582k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $645k (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Easton Economic Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Collegedale Tomorrow Foundation Inc ($644k), Hip Healthy Innovative Processes ($645k) and North Tacoma Soccer Club ($644k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $173k (30% of expenses). At year end it held assets of $210k against liabilities of $103k, net assets of $107k. It reported 4 employees.