Moore County Economic Development Partnership

Analysis

Moore County Economic Development Partnership is a registered charity in United States, based in Pinehurst, NC. It received its IRS tax-exemption ruling in December 2003, 23 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 2023, Moore County Economic Development Partnership reported income of $1.8m and spending of $536k, leaving 70% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $436k to $1.8m (+307%), an average of +60% a year. The sharpest change came in the year to June 2023, when income rose by 245%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Moore County Economic Development Partnership sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include The Downtownwaterfront Business Improvement District Inc of ($1.8m), Building Pathways Inc ($1.8m) and Kites Nest Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $134k (25% of expenses). Other salaries and wages came to $126k. At year end it held assets of $1.8m against liabilities of $65k, net assets of $1.7m. It reported 2 employees.