Roswell-Chaves County Economic Development Foundation

Analysis

Roswell-Chaves County Economic Development Foundation is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Roswell-Chaves County Economic Development Foundation reported income of $474k and spending of $390k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $348k to $474k (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Roswell-Chaves County Economic Development Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Minneapolis Rowing Club ($474k), New Orleans Junior Golf Foundation ($474k) and America Scores LA ($474k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Other salaries and wages came to $206k. At year end it held assets of $922k against liabilities of $238k, net assets of $685k. It reported 5 employees.