Tonopah Development Corporation

Analysis

Tonopah Development Corporation is a registered charity in United States, based in Tonopah, NV. It received its IRS tax-exemption ruling in July 2002, 24 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, Tonopah Development Corporation reported income of $57k and spending of $58k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $60k to $57k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tonopah Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within NV. Charities of a similar size with the same main cause include Grimes Community Foundation ($57k), Leadership Harrison County Inc ($57k) and Martinsburg Community Fund ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.