Economic Action Group Inc

Analysis

Economic Action Group Inc is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in June 2017, 9 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, Economic Action Group Inc reported income of $216k and spending of $289k, spending 133% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $225k to $216k (-3.8%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Action Group Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Tennessee Stormwater Association ($216k), Gateway Development Corporation ($216k) and El-Shaddai Refuge Homes Community Development Corporation ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $161k. At year end it held assets of $272k against liabilities of $18k, net assets of $254k. It reported 13 employees.