Northwest Tennessee Economic Development Council

Analysis

Northwest Tennessee Economic Development Council is a registered charity in United States, based in Dresden, TN. It received its IRS tax-exemption ruling in April 1968, 58 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 June 2023, Northwest Tennessee Economic Development Council reported income of $22.6m and spending of $21.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.2m to $22.6m (+18%), an average of +4.3% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northwest Tennessee Economic Development Council sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Tri-County Opportunities Council ($22.6m), Benson House Inc ($22.7m) and Jumpstart Inc ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 0.2% of the total. Other salaries and wages came to $7.5m. At year end it held assets of $4.5m against liabilities of $1.7m, net assets of $2.7m. It reported 336 employees.