Economic Opportunities Council of Indian River County Inc

Analysis

Economic Opportunities Council of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 1965, 61 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 September 2023, Economic Opportunities Council of Indian River County Inc reported income of $8.1m and spending of $8.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.9m to $8.1m (+37%), an average of +8.2% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Opportunities Council of Indian River County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Mountain Association for Community Economic Development Inc ($8.1m), Anthesis Services ($8.1m) and Choose Chicago Foundation ($8.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $1.9m against liabilities of $798k, net assets of $1.1m. It reported 116 employees.