Anaconda Local Development Corp

Analysis

Anaconda Local Development Corp is a registered charity in United States, based in Anaconda, MT. It received its IRS tax-exemption ruling in June 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Anaconda Local Development Corp reported income of $309k and spending of $441k, spending 143% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $114k to $309k (+171%), an average of +28% a year. The sharpest change came in the year to September 2020, when income rose by 113%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anaconda Local Development Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MT. Charities of a similar size with the same main cause include American Aerospace Technical Academy Inc ($309k), Thomasville Community Development Corporation ($309k) and International Ultraviolet Association Inc ($308k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $66k (15% of expenses). Other salaries and wages came to $121k. At year end it held assets of $2.4m against liabilities of $1.3m, net assets of $1.2m. It reported 9 employees.