Edenton-Chowan Partnership Inc

Analysis

Edenton-Chowan Partnership Inc is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in May 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, Edenton-Chowan Partnership Inc reported income of $78k and spending of $89k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $78k (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 268%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Edenton-Chowan Partnership Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Coronado Junior Womans Club ($78k), Benton Community Development Group ($78k) and Rancho Mirage Womans Club ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.0m against liabilities of $36k, net assets of $1.0m. It reported 1 employees.