Visalia Economic Development Corporation

Analysis

Visalia Economic Development Corporation is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in December 1998, 28 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 June 2024, Visalia Economic Development Corporation reported income of $128k and spending of $124k, spending 97% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $141k to $128k (-9.7%), an average of -9.7% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Visalia Economic Development Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Mission Partners for Christ ($127k), Flight Expo Inc ($128k) and Gatlinburg Chamber of Commerce Foundation ($127k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.