Calhoun Economic Development Corporation

Analysis

Calhoun Economic Development Corporation is a registered charity in United States, based in St Matthews, SC. It received its IRS tax-exemption ruling in June 2017, 9 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 June 2023, Calhoun Economic Development Corporation reported income of $89k and spending of $4,500, leaving 95% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $164k to $89k (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Calhoun Economic Development Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 40th percentile within SC. Charities of a similar size with the same main cause include Cause Agency ($89k), Community Coalition of South Dade Inc ($89k) and Palo Alto Forward ($89k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $423k against liabilities of $0, net assets of $423k.