Weakley County Joint Economic Development Corporation

Analysis

Weakley County Joint Economic Development Corporation is a registered charity in United States, based in Dresden, TN. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Weakley County Joint Economic Development Corporation reported income of $276k and spending of $180k, leaving 35% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $269k to $276k (+2.7%), an average of +2.7% a year. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Weakley County Joint Economic Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include His Love Extended ($276k), Xtreme Couture Gi Foundation ($276k) and Children of Deaf Adults ($275k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $92k (51% of expenses). At year end it held assets of $523k against liabilities of $3,943, net assets of $519k. It reported 1 employees.