Wichita County Economic Development Inc

Analysis

Wichita County Economic Development Inc is a registered charity in United States, based in Leoti, KS. It received its IRS tax-exemption ruling in June 1997, 29 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, Wichita County Economic Development Inc reported income of $285k and spending of $301k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $285k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wichita County Economic Development Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KS. Charities of a similar size with the same main cause include Market Building Foundation Inc ($285k), Verdigris Valley Community Foundation Inc ($285k) and Building & Construction Workforce Center ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.6% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.3m against liabilities of $2,113, net assets of $1.3m. It reported 3 employees.

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.