Carroll County Economic Development

Analysis

Carroll County Economic Development is a registered charity in United States, based in Carrollton, GA. It received its IRS tax-exemption ruling in July 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 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 December 2023, Carroll County Economic Development reported income of $331k and spending of $1.0m, spending 310% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $331k (-45%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 413%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carroll County Economic Development sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include Kingsbridge District Management Association ($331k), Raise the Bar Hancock County ($331k) and International Hartford Ltd ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $415k (40% of expenses). Other salaries and wages came to $137k. At year end it held assets of $5.4m against liabilities of $226k, net assets of $5.2m. It reported 9 employees.