Quitman County Development Organization Inc

Analysis

Quitman County Development Organization Inc is a registered charity in United States, based in Marks, MS. It received its IRS tax-exemption ruling in July 1980, 46 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, Quitman County Development Organization Inc reported income of $436k and spending of $370k, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $211k to $436k (+107%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Quitman County Development Organization Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within MS. Charities of a similar size with the same main cause include Interfaith Outreach of Carmel Inc ($436k), Point Hope Inc ($436k) and Assessors Association of Pennsylvania ($435k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $533k against liabilities of $372k, net assets of $161k. It reported 5 employees.