Highland Rim Economic Corporation

Analysis

Highland Rim Economic Corporation is a registered charity in United States, based in Erin, TN. It received its IRS tax-exemption ruling in February 1967, 59 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, Highland Rim Economic Corporation reported income of $4.4m and spending of $4.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 29%. 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, Highland Rim Economic Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Regional Business Council ($4.4m), Neighborhood Housing Services of Orange County Inc ($4.4m) and Association for Vision Rehabilitation and Employment Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.2m against liabilities of $210k, net assets of $2.0m.