Jackson County Economic Development Foundation Inc

Analysis

Jackson County Economic Development Foundation Inc is a registered charity in United States, based in Pascagoula, MS. It received its IRS tax-exemption ruling in November 1996, 30 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, Jackson County Economic Development Foundation Inc reported income of $2.2m and spending of $1.8m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.2m (+45%), an average of +9.7% a year. The sharpest change came in the year to September 2022, when income rose by 91%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jackson County Economic Development Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Responsible Business Alliance Foundation ($2.2m), Maine Manufacturing Extension Partnership ($2.2m) and Partnership for Children and Youth ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $610k (33% of expenses). Other salaries and wages came to $71k. At year end it held assets of $4.2m against liabilities of $652k, net assets of $3.5m. It reported 3 employees.