Catawba Regional Council of Governments

Analysis

Catawba Regional Council of Governments is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in October 1973, 53 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, Catawba Regional Council of Governments reported income of $6.5m and spending of $5.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $6.5m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Catawba Regional Council of Governments sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Eastern Maine Development Corporation ($6.5m), Mitags Inc ($6.5m) and Griffiss Local Development Corporation ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $179k (3.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $20.7m against liabilities of $1.8m, net assets of $18.9m. It reported 24 employees.