West Central Arkansas Planning & Development District Inc

Analysis

West Central Arkansas Planning & Development District Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in March 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 June 2023, West Central Arkansas Planning & Development District Inc reported income of $2.4m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+5.5%), an average of +1.4% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Central Arkansas Planning & Development District 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 AR. Charities of a similar size with the same main cause include National Association of Development Organizations Research Foundation ($2.4m), City of Evansville Endowment Fund Inc ($2.4m) and Multi-Ethnic Business Association ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $648k, net assets of $1.8m. It reported 57 employees.