Davie County Economic Development Commission Inc

Analysis

Davie County Economic Development Commission Inc is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in June 2011, 15 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, Davie County Economic Development Commission Inc reported income of $371k and spending of $507k, spending 137% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income grew from $334k to $371k (+11%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 109%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Davie County Economic Development Commission Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Warehouse Business Accelerator ($371k), Greater Bridgeport Opportunities Industrialization Center Inc ($371k) and Crop and Kettle ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $125k (25% of expenses). At year end it held assets of $726k against liabilities of $3,833, net assets of $722k. It reported 2 employees.