East Arkansas Business Development Council Inc

Analysis

East Arkansas Business Development Council Inc is a registered charity in United States, based in Jonesboro, AR. It received its IRS tax-exemption ruling in January 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Arkansas Business Development Council Inc reported income of $152k and spending of $650k, spending 428% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $152k (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 788%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Arkansas Business Development Council Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AR. Charities of a similar size with the same main cause include Friends of the Dyken Pond Center Ltd ($152k), North Carolina Science Teachers Association ($152k) and Wild Warrior Adventure Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $287k. At year end it held assets of $4.3m against liabilities of $160k, net assets of $4.1m. It reported 4 employees.