Tuscarawas County Economic Development Corporation

Analysis

Tuscarawas County Economic Development Corporation is a registered charity in United States, based in Dover, OH. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Tuscarawas County Economic Development Corporation reported income of $385k and spending of $403k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $385k (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tuscarawas County Economic Development Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Association of Metropolitan Planning Organizations Research Fo ($385k), Friends of Vista House Inc ($385k) and Neighbors Helping Neighbors Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $278k (69% of expenses). Other salaries and wages came to $19k. At year end it held assets of $89k against liabilities of $11k, net assets of $78k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.