Ho-Chunk Development Corp

Analysis

Ho-Chunk Development Corp is a registered charity in United States, based in Winnebago, NE. It received its IRS tax-exemption ruling in December 2000, 26 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, Ho-Chunk Development Corp reported income of $973k and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $973k (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2021, when income dropped by 36%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ho-Chunk Development Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NE. Charities of a similar size with the same main cause include Nxtus Inc ($973k), Assets Lancaster ($973k) and Lawrence Partnership ($973k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $57k (5.3% of expenses). Other salaries and wages came to $179k. At year end it held assets of $5.1m against liabilities of $466k, net assets of $4.6m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.