Atwood Second Century Development Fund Inc

Analysis

Atwood Second Century Development Fund Inc is a registered charity in United States, based in Atwood, KS. It received its IRS tax-exemption ruling in August 1981, 45 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 December 2023, Atwood Second Century Development Fund Inc reported income of $79k and spending of $77k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $79k (-72%), an average of -27% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Atwood Second Century Development Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KS. Charities of a similar size with the same main cause include Charity for Hope ($79k), Community Empowering LA ($79k) and Greylock Flume Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.