Johnston County Economic Development Corporation

Analysis

Johnston County Economic Development Corporation is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in February 1987, 39 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 2024, Johnston County Economic Development Corporation reported income of $246k and spending of $247k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $261k to $246k (-5.7%), an average of -1.5% a year. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Johnston County Economic Development Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Ruston Community Theatre ($246k), Giles County Christian Service Mission Inc ($246k) and White Pass Community Services Coalition ($246k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.2m against liabilities of $2.4m, net assets of $1.8m.