West End Economic Development Corporation

Analysis

West End Economic Development Corporation is a registered charity in United States, based in Naturita, CO. It received its IRS tax-exemption ruling in October 2015, 11 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, West End Economic Development Corporation reported income of $201k and spending of $140k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $304k to $201k (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West End Economic Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CO. Charities of a similar size with the same main cause include Loiter ($201k), Digitunity Inc ($201k) and Startupstark ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $72k (51% of expenses). At year end it held assets of $370k against liabilities of $197k, net assets of $173k. It reported 1 employees.