Gainesville Industrial and Community Development Authority

Analysis

Gainesville Industrial and Community Development Authority is a registered charity in United States, based in Gainesville, MO. It received its IRS tax-exemption ruling in October 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 September 2024, Gainesville Industrial and Community Development Authority reported income of $54k and spending of $30k, leaving 44% of income unspent that year. Across the 3 years on record, from September 2019 to September 2024, income grew from $43k to $54k (+26%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 104%. Over the whole period it spent 40% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gainesville Industrial and Community Development Authority sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within MO. Charities of a similar size with the same main cause include National Steering Comm of the Assoc for the Imprvmt of Minorits in Irs ($54k), Genesee Valley Quilt Club Inc ($54k) and Greater Washington Foundation of Insurance and Financial Advisors I ($54k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 77% of the total. At year end it held assets of $676k against liabilities of $0, net assets of $676k.