Canadian-Hemphill County Economic Development Corporation

Analysis

Canadian-Hemphill County Economic Development Corporation is a registered charity in United States, based in Canadian, TX. It received its IRS tax-exemption ruling in December 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 September 2023, Canadian-Hemphill County Economic Development Corporation reported income of $262k and spending of $186k, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $243k to $262k (+7.7%), an average of +1.9% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Canadian-Hemphill County Economic Development Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Assoc BLDRS & Contractors Ar Chap Appshp & Training TR Fund ($261k), Sustainable Options for Urban Living Inc ($262k) and Mathews County Visitor and Information Center Inc ($261k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Other salaries and wages came to $79k. At year end it held assets of $718k against liabilities of $4,296, net assets of $714k. It reported 2 employees.