Economic Development Greater East Edge Incorporated

Analysis

Economic Development Greater East Edge Incorporated is a registered charity in United States, based in Berwind, WV. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Economic Development Greater East Edge Incorporated reported income of $575k and spending of $549k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $451k to $575k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Development Greater East Edge Incorporated sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WV. Charities of a similar size with the same main cause include Rio Grande Valley-Laredo Electrical Jatc TR Fund ($575k), Touching Hands Evangelistic Ministries Inc ($575k) and Andalusia Volunteer Ambulance Service Inc ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (16% of expenses). Other salaries and wages came to $102k. At year end it held assets of $292k against liabilities of $3,515, net assets of $288k. It reported 11 employees.