Routt County Economic Development Partnership

Analysis

Routt County Economic Development Partnership is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in September 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 December 2023, Routt County Economic Development Partnership reported income of $357k and spending of $373k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $304k to $357k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Routt County Economic Development Partnership sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include South Rome Redevelopment Corporation ($357k), Schuyler County Human Servicesdevelopment Corporation ($357k) and Junior League of Westchester on the Sound Inc ($357k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (25% of expenses). Other salaries and wages came to $114k. At year end it held assets of $111k against liabilities of $112k, net assets of -$477.