I-95 1-40 Crossroads of America Economic Development Alliance Inc

Analysis

I-95 1-40 Crossroads of America Economic Development Alliance Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in February 2022, 4 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, I-95 1-40 Crossroads of America Economic Development Alliance Inc reported income of $7.9m and spending of $7.0m, spending 89% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.5m to $7.9m (+439%), an average of +132% a year. The sharpest change came in the year to June 2023, when income rose by 781%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, I-95 1-40 Crossroads of America Economic Development Alliance Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Lancaster County Workforce Investment Board ($7.8m), Forest Forward ($7.9m) and Berks County Nonprofit Development Corporation ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $102k (1.5% of expenses). At year end it held assets of $36.2m against liabilities of $35.3m, net assets of $960k. It reported 1 employees.