Greater Fergus Falls Corp

Analysis

Greater Fergus Falls Corp is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in October 2018, 8 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, Greater Fergus Falls Corp reported income of $187k and spending of $236k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $187k (-20%), an average of -5.5% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Fergus Falls Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Akima Club Inc ($187k), Main Street Marshfield Inc ($187k) and Junior League of Tallahassee Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.4% of the total. Other salaries and wages came to $110k. At year end it held assets of $202k against liabilities of $1,229, net assets of $200k. It reported 3 employees.