Atchison Area Economic Development Corporation Inc

Analysis

Atchison Area Economic Development Corporation Inc is a registered charity in United States, based in Atchison, KS. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Atchison Area Economic Development Corporation Inc reported income of $57k and spending of $59k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $206k to $57k (-72%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Atchison Area Economic Development Corporation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within KS. Charities of a similar size with the same main cause include Teach for Life International ($57k), Monte Vista Education Foundation ($57k) and Choir-Parent Booster Club ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.