Linden Section 4b Economic Development Corporation

Analysis

Linden Section 4b 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 Section 4b Economic Development Corporation reported income of $138k and spending of $160k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $331k to $138k (-58%), an average of -20% a year. The sharpest change came in the year to September 2020, when income dropped by 64%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Linden Section 4b 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 International Hug Foundation ($138k), Franklin Neighborhood Development Corporation ($138k) and Bridge Rockford Alliance ($137k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $441k against liabilities of $5,975, net assets of $435k.