Keith County Area Development Inc

Analysis

Keith County Area Development Inc is a registered charity in United States, based in Ogallala, NE. It received its IRS tax-exemption ruling in May 2002, 24 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, Keith County Area Development Inc reported income of $579k and spending of $405k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $579k (+169%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Keith County Area Development Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NE. Charities of a similar size with the same main cause include The Axiom Advancement Corporation ($579k), Allapattah Collaborative Community Development Corporation ($579k) and Prospera Georgia LLC ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $172k. At year end it held assets of $1.1m against liabilities of $13k, net assets of $1.1m. It reported 3 employees.