Tyler Economic Development Council

Analysis

Tyler Economic Development Council is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in November 1989, 37 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, Tyler Economic Development Council reported income of $802k and spending of $1.3m, spending 167% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.7m to $802k (-54%), an average of -18% a year. The sharpest change came in the year to September 2023, when income dropped by 57%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tyler Economic Development Council sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Littlejohn Community Center Inc ($802k), Urban Vision ($802k) and Suited for Success Inc ($801k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $250k (19% of expenses). Other salaries and wages came to $328k. At year end it held assets of $11.6m against liabilities of $2.3m, net assets of $9.3m. It reported 7 employees.