Greenville Area Development Corporation

Analysis

Greenville Area Development Corporation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in September 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greenville Area Development Corporation reported income of $2.2m and spending of $1.6m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.2m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greenville Area Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Club for Growth Foundation Inc ($2.2m), Innovation Marquette Enterprise Corporation ($2.2m) and Business Professionals of America ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $456k (29% of expenses). Other salaries and wages came to $393k. At year end it held assets of $2.8m against liabilities of $228k, net assets of $2.6m. It reported 9 employees.