Prowers County Development Inc

Analysis

Prowers County Development Inc is a registered charity in United States, based in Lamar, CO. It received its IRS tax-exemption ruling in March 2001, 25 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, Prowers County Development Inc reported income of $100k and spending of $140k, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $100k (+1.2%), an average of +1.2% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prowers County Development Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Fuel Way Station ($100k), Rocky Mountain Research and Prevention Institute ($100k) and Pennsylvania State Association of County Fairs ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $287k against liabilities of $13k, net assets of $274k.