Blades Economic Development Corporation

Analysis

Blades Economic Development Corporation is a registered charity in United States, based in Blades, DE. It received its IRS tax-exemption ruling in June 1999, 27 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 2024, Blades Economic Development Corporation reported income of $191k and spending of $179k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $150k to $191k (+27%), an average of +6.2% a year. Over the whole period it spent 176% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blades Economic Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 48th percentile within DE. Charities of a similar size with the same main cause include Main Street Gardnerville ($190k), Modesto Area Sheet Metal Apprenticeship Training Trust ($191k) and West End Family Link Center ($190k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.6% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $35k (20% of expenses). At year end it held assets of $1.0m against liabilities of $2,803, net assets of $1.0m. It reported 3 employees.