Sedgwick County Economic Development Corporation

Analysis

Sedgwick County Economic Development Corporation is a registered charity in United States, based in Julesburg, CO. It received its IRS tax-exemption ruling in April 2015, 11 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, Sedgwick County Economic Development Corporation reported income of $120k and spending of $158k, spending 131% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $270k to $120k (-55%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 130% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sedgwick County Economic Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include First Capitol Lions Club Foundation ($120k), Hustle Winston Salem ($120k) and Chinatown Partnership Local Development Corporation ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $339k against liabilities of $657, net assets of $338k.

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.