Huerfano County Economic Development Inc

Analysis

Huerfano County Economic Development Inc is a registered charity in United States, based in Walsenburg, CO. It received its IRS tax-exemption ruling in August 2016, 10 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, Huerfano County Economic Development Inc reported income of $273k and spending of $285k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $273k (+24%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 1230%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Huerfano County Economic Development Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Spokane Area Business Foundation ($273k), New Season Community Development Corporation ($273k) and Wayne County Development Corporation ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $109k. At year end it held assets of $110k against liabilities of $5,968, net assets of $104k. It reported 6 employees.