Duncan Area Economic Development Foundation

Analysis

Duncan Area Economic Development Foundation is a registered charity in United States, based in Duncan, OK. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Duncan Area Economic Development Foundation reported income of $2.6m and spending of $977k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $770k to $2.6m (+240%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 343%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Duncan Area Economic Development Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Agc International Union of Oprtng Engnrs 701 TRNG Trust Fund ($2.6m), Vibrant Memphis Inc ($2.6m) and Communities United ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $191k (20% of expenses). Other salaries and wages came to $120k. At year end it held assets of $23.9m against liabilities of $298k, net assets of $23.6m. It reported 5 employees.