Great River Economic Development Fo Undation Inc

Analysis

Great River Economic Development Fo Undation Inc is a registered charity in United States, based in Blytheville, AR. It received its IRS tax-exemption ruling in April 2002, 24 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, Great River Economic Development Fo Undation Inc reported income of $530k and spending of $535k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $530k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 25%. 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, Great River Economic Development Fo Undation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within AR. Charities of a similar size with the same main cause include Rising Sun-Ohio County First Inc ($530k), Lee County Economic Development Group Inc ($530k) and Council for Supplier Diversity ($530k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $275k. At year end it held assets of $179k against liabilities of $12k, net assets of $168k. It reported 2 employees.