Doniphan Economic Development Corporation

Analysis

Doniphan Economic Development Corporation is a registered charity in United States, based in Doniphan, NE. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Doniphan Economic Development Corporation reported income of $110k and spending of $219k, spending 200% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $317k to $110k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Doniphan Economic Development Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Egida Del Policia Inc ($110k), Bellpoint Independent Living Inc ($110k) and Villa Apartments Housing Foundation ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $152k. At year end it held assets of $48k against liabilities of $5,870, net assets of $43k. It reported 14 employees.