Southern Idaho Economic Development Organization Inc

Analysis

Southern Idaho Economic Development Organization Inc is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in December 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 September 2024, Southern Idaho Economic Development Organization Inc reported income of $334k and spending of $298k, spending 89% of its income. Across the 2 years on record, from September 2023 to September 2024, income fell from $456k to $334k (-27%), an average of -27% a year. The sharpest change came in the year to September 2024, when income dropped by 27%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Idaho Economic Development Organization Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within ID. Charities of a similar size with the same main cause include Junior League of Cincinnati ($334k), Evansville Land Bank Corp ($334k) and Jobs with Justice Education Fund ($334k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $173k. At year end it held assets of $299k against liabilities of $19k, net assets of $280k. It reported 2 employees.