Hardee County Economic Development Council Inc

Analysis

Hardee County Economic Development Council Inc is a registered charity in United States, based in Wauchula, FL. It received its IRS tax-exemption ruling in April 2011, 15 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, Hardee County Economic Development Council Inc reported income of $920k and spending of $882k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $337k to $920k (+173%), an average of +29% a year. The sharpest change came in the year to September 2022, when income rose by 101%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hardee County Economic Development Council Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Worcester Public Market Inc ($919k), Central Kenilworth Avenue Revitalization Community Developme ($920k) and Humane Society of Odessa ($917k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $675k. At year end it held assets of $186k against liabilities of $0, net assets of $186k. It reported 7 employees.