One Sumter Economic Development Foundation Inc

Analysis

One Sumter Economic Development Foundation Inc is a registered charity in United States, based in Americus, GA. It received its IRS tax-exemption ruling in January 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 2022, One Sumter Economic Development Foundation Inc reported income of $1.1m and spending of $341k, leaving 68% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $463k to $1.1m (+129%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 251%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, One Sumter Economic Development Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include South Berkeley Neighborhood Development Corporation ($1.1m), Wiregrass Resource Group Inc ($1.1m) and Chattanooga Regional Homeless Coalition Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.2m against liabilities of $20k, net assets of $1.2m. It reported 2 employees.