Catawba Regional Development Corporation

Analysis

Catawba Regional Development Corporation is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 Development Corporation reported income of $350k and spending of $328k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $350k (-71%), an average of -27% a year. The sharpest change came in the year to June 2021, when income rose by 303%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catawba Regional Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Enfield Loaves & Fishes Inc ($350k), Mountain View Mennonite School ($350k) and Maine Avenue Manor Inc ($350k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 72% of the total. Other salaries and wages came to $89k. At year end it held assets of $3.6m against liabilities of $920k, net assets of $2.7m.