Clearwater Economic Development Association Inc

Analysis

Clearwater Economic Development Association Inc is a registered charity in United States, based in Lewiston, ID. It received its IRS tax-exemption ruling in May 2020, 6 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 September 2023, Clearwater Economic Development Association Inc reported income of $1.2m and spending of $933k, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $994k to $1.2m (+17%), an average of +4.1% a year. The sharpest change came in the year to September 2021, when income rose by 91%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clearwater Economic Development Association Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within ID. Charities of a similar size with the same main cause include Transcanwork Inc ($1.2m), In Her Presence ($1.2m) and Project H O M E Community Development Corporation ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $91k (9.7% of expenses). Other salaries and wages came to $384k. At year end it held assets of $7.9m against liabilities of $1.6m, net assets of $6.4m. It reported 40 employees.