Perry County Economic Development Board Inc

Analysis

Perry County Economic Development Board Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Perry County Economic Development Board Inc reported income of $110k and spending of $115k, spending 105% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $71k to $110k (+54%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Perry County Economic Development Board Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include CRN Foundation ($109k), Grand7detroit ($110k) and Harry Whiting Brown Community House ($109k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.