Martin County Economic Development Corporation

Analysis

Martin County Economic Development Corporation is a registered charity in United States, based in Williamston, NC. It received its IRS tax-exemption ruling in February 1998, 28 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 2022, Martin County Economic Development Corporation reported income of $234k and spending of $219k, spending 93% of its income. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent -136% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Martin County Economic Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Junior League of Jacksonville Inc ($234k), Friends of Caritas SDR Inc ($234k) and Outreach Exceptional Learning ($234k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.8m against liabilities of $7,733, net assets of $1.8m. It reported 5 employees.