Scotland Development Corporation

Analysis

Scotland Development Corporation is a registered charity in United States, based in Laurinburg, NC. It received its IRS tax-exemption ruling in February 2003, 23 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 2022, Scotland Development Corporation reported income of $1.0m and spending of $535k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $560k to $1.0m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Scotland Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Bristol Works Inc ($1.0m), Fulton County Center for Regional Growth Inc ($1.0m) and Long Island City Business Improvement District Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $11.1m against liabilities of $10.4m, net assets of $660k.