Economic Club of Kansas City

Analysis

Economic Club of Kansas City is a registered charity in United States, based in Mission, KS. It received its IRS tax-exemption ruling in August 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Club of Kansas City reported income of $160k and spending of $217k, spending 135% of what it took in. Across the 5 years on record, from March 2020 to December 2023, income grew from $155k to $160k (+3.3%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Club of Kansas City sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within KS. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($160k), Barrens Information Technology Systems Inc ($160k) and The Junior League of Dekalb County Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $28k (13% of expenses). At year end it held assets of $611k against liabilities of $138k, net assets of $473k.