Clay County Economic Development Corporation

Analysis

Clay County Economic Development Corporation is a registered charity in United States, based in Green CV SPGS, FL. It received its IRS tax-exemption ruling in July 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 September 2023, Clay County Economic Development Corporation reported income of $711k and spending of $705k, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $425k to $711k (+67%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clay County Economic Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Charlottesville Biohub ($711k), Laramie Plains Civic Center Inc ($712k) and Heart of the Delta Foundation ($711k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $310k (44% of expenses). At year end it held assets of $245k against liabilities of $7,421, net assets of $237k. It reported 3 employees.