Develop America Inc

Analysis

Develop America Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Develop America Inc reported income of $846k and spending of $894k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $743k to $846k (+14%), an average of +14% a year. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Develop America Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Windham County 4 H Foundation Incorporated ($846k), Chance for Life Organization ($846k) and Boy Scouts of America ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $230k (26% of expenses). Other salaries and wages came to $93k. At year end it held assets of $453k against liabilities of $59k, net assets of $394k. It reported 7 employees.