Nacogdoches-Nacogdoches County Economic Development Corporation

Analysis

Nacogdoches-Nacogdoches County Economic Development Corporation is a registered charity in United States, based in Nacogdoches, TX. It received its IRS tax-exemption ruling in April 1997, 29 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, Nacogdoches-Nacogdoches County Economic Development Corporation reported income of $356k and spending of $346k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $409k to $356k (-13%), an average of -3.4% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nacogdoches-Nacogdoches County Economic Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include West Yellowstone Foundation ($356k), Austin African American Business Network NFP ($356k) and The Louisiana Center Against Poverty Inc ($356k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $195k. At year end it held assets of $794k against liabilities of $28k, net assets of $766k.