Ravalli County Economic Development Authority

Analysis

Ravalli County Economic Development Authority is a registered charity in United States, based in Hamilton, MT. It received its IRS tax-exemption ruling in July 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 2023, Ravalli County Economic Development Authority reported income of $384k and spending of $349k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $473k to $384k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ravalli County Economic Development Authority sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MT. Charities of a similar size with the same main cause include Niagara Community Center Inc ($384k), South-Central Indiana Regional Economic Development Corp ($384k) and Shared Enterprise Management Inc ($384k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $58k (17% of expenses). Other salaries and wages came to $90k. At year end it held assets of $5.8m against liabilities of $853k, net assets of $4.9m. It reported 5 employees.