Four Corners Economic Development Foundation

Analysis

Four Corners Economic Development Foundation is a registered charity in United States, based in Farmington, NM. It received its IRS tax-exemption ruling in December 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 June 2024, Four Corners Economic Development Foundation reported income of $307k and spending of $323k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $320k to $307k (-4.1%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Four Corners Economic Development Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include SEND Musicians to Prison ($306k), Downtown Sheridan Association ($307k) and Placentia Round Table Womens Club ($306k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 20% of the total. At year end it held assets of $340k against liabilities of $736, net assets of $340k.