LA Plata Economic Development Alliance

Analysis

LA Plata Economic Development Alliance is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in February 2026. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Plata Economic Development Alliance reported income of $1.4m and spending of $839k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $1.4m (+333%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, LA Plata Economic Development Alliance sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Community Action Program Legal Services Inc ($1.4m), Yates Fund ($1.4m) and Mortar Cincinnati ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $179k. At year end it held assets of $1.4m against liabilities of $280k, net assets of $1.1m. It reported 7 employees.