Lemhi County Economic Development Corporation

Analysis

Lemhi County Economic Development Corporation is a registered charity in United States, based in Salmon, ID. It received its IRS tax-exemption ruling in June 2004, 22 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, Lemhi County Economic Development Corporation reported income of $494k and spending of $499k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $494k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lemhi County Economic Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within ID. Charities of a similar size with the same main cause include Galvestons Own Farmers Market Inc ($494k), Brick Capital Community Development Corporation ($494k) and Oregon Head Start Assocation ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Other salaries and wages came to $285k. At year end it held assets of $470k against liabilities of $21k, net assets of $450k. It reported 8 employees.