Northwest Arkansas Economic Development District Inc

Analysis

Northwest Arkansas Economic Development District Inc is a registered charity in United States, based in Harrison, AR. It received its IRS tax-exemption ruling in June 1968, 58 years ago. 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, Northwest Arkansas Economic Development District Inc reported income of $6.4m and spending of $5.1m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $6.4m (+25%), an average of +5.7% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northwest Arkansas Economic Development District Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within AR. Charities of a similar size with the same main cause include Hispanic Information & Telecommunications Network Inc ($6.4m), B E S T Opportunities Inc ($6.4m) and Our Family Services Inc ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $116k (2.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.2m against liabilities of $774k, net assets of $5.4m. It reported 134 employees.