Pickett County Development Comm

Analysis

Pickett County Development Comm is a registered charity in United States, based in Cookeville, TN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pickett County Development Comm reported income of $185k and spending of $202k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $185k (+8.9%), an average of +2.2% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pickett County Development Comm sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within TN. Charities of a similar size with the same main cause include Webster Economic Development Counci L ($185k), Wharton County Junior College Foundation ($185k) and Calvary Chapel North Towne ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $329k against liabilities of $698k, net assets of -$369k.