Boone County Community Organization Assn

Analysis

Boone County Community Organization Assn is a registered charity in United States, based in Madison, WV. It received its IRS tax-exemption ruling in February 1967, 59 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 September 2023, Boone County Community Organization Assn reported income of $2.4m and spending of $2.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.4m (+17%), an average of +4.1% a year. The sharpest change came in the year to September 2022, when income rose by 29%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boone County Community Organization Assn sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WV. Charities of a similar size with the same main cause include Center for Innovative Governance Research ($2.4m), Staten Island Economic Development Corporation ($2.4m) and New Madrid Co Human Resources Council Community Partnership ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $69k (3.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.4m against liabilities of $109k, net assets of $2.3m. It reported 99 employees.