East Central Kansas Economic Opportunity Corp

Analysis

East Central Kansas Economic Opportunity Corp is a registered charity in United States, based in Ottawa, KS. It received its IRS tax-exemption ruling in October 1967, 59 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 March 2024, East Central Kansas Economic Opportunity Corp reported income of $12.3m and spending of $12.0m, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $9.3m to $12.3m (+32%), an average of +7.3% a year. The sharpest change came in the year to March 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Central Kansas Economic Opportunity Corp sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Goodwill Industrial Services Corporation ($12.2m), Corporation for Public Management ($12.3m) and Salesmanship Club of Dallas ($12.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $118k (1.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.6m against liabilities of $1.7m, net assets of $3.9m. It reported 130 employees.