Linden Economic Development Corporation

Analysis

Linden Economic Development Corporation is a registered charity in United States, based in Linden, TX. It received its IRS tax-exemption ruling in October 2005, 21 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, Linden Economic Development Corporation reported income of $139k and spending of $185k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $114k to $139k (+22%), an average of +5.1% a year. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Linden Economic Development Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Donora Downtown Committee Inc ($139k), LGBTQ Presidents in Higher Education ($139k) and Ripple Effect ($139k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $567k against liabilities of $5,614, net assets of $562k.