Murray-calloway Economic Development Corporation
501(c)(6)
Only null% goes to programs Strong reserves Declining revenue
Murray-calloway Economic Development Corporation is a 501(c)(6) organization based in Murray, Kentucky, registered in 1985, with $843,714 in FY2024 revenue. CharityIndex grades it B.
Po Box 1476, Murray, KY, 42071 EIN 61-1034835 Since 1985
Revenue (FY2024)
$844K
▲ 1.3% vs prior year
Expenses (FY2024)
$802K
Net assets
$8.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Murray-calloway Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating129 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Murray-calloway Economic Development Corporation: 129 mo reserves · +5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Murray-calloway Economic Development Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Murray-calloway Economic Development Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $396K (FY2013) to $844K (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.5MNet assets $8.6M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.1M
Total liabilities
$7.5M
Net assets
$8.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $843,714▲1.3% | $801,681▼0.1% | $8,605,124▲0.5% | $16,057,351▼3.6% | 990 |
| 2023 | $833,228▼24.6% | $802,163▼7.1% | $8,563,091▲0.4% | $16,658,698▼2.9% | 990 |
| 2022 | $1,105,679▼71.5% | $863,051▼14.4% | $8,532,026▲2.9% | $17,164,071▼2.1% | 990 |
| 2021 | $3,881,346▲216% | $1,007,654▼2.2% | $8,289,398▲53.1% | $17,529,821▲14.0% | 990 |
| 2020 | $1,226,606▲47.4% | $1,029,964▲43.3% | $5,415,706▲3.8% | $15,375,523▲20.2% | 990 |
| 2019 | $831,961▲118% | $718,798▼64.5% | $5,219,064▲2.2% | $12,789,297▼0.3% | 990 |
| 2018 | $382,282▼22.5% | $2,022,080▲261% | $5,105,901▼30.7% | $12,821,602▲39.6% | 990 |
| 2016 | $493,468▼71.6% | $560,817▲3.7% | $7,366,875▼0.9% | $9,185,989▲4.4% | 990 |
| 2015 | $1,737,409▲229% | $540,906▼10.2% | $7,434,224▲19.2% | $8,796,980▲1.0% | 990 |
| 2014 | $528,131▲33.2% | $602,143▼13.5% | $6,237,721▼1.6% | $8,708,635▼9.3% | 990 |
| 2013 | $396,429 | $696,325▼18.8% | $6,337,418▼4.5% | $9,598,861▼10.2% | 990 |
| 2012 | — | $857,076▼3.6% | $6,637,314▼8.4% | $10,690,644▼12.4% | 990 |
| 2011 | — | $889,204 | $7,243,418 | $12,205,597 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Murray-calloway Economic Development Corporation a legitimate nonprofit?
- Yes. Murray-calloway Economic Development Corporation is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 61-1034835, based in Murray, Kentucky.
- What is Murray-calloway Economic Development Corporation's EIN?
- Murray-calloway Economic Development Corporation's Employer Identification Number (EIN) is 61-1034835.
- How much revenue does Murray-calloway Economic Development Corporation report?
- Murray-calloway Economic Development Corporation reported $843,714 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Murray-calloway Economic Development Corporation have?
- CharityIndex grades Murray-calloway Economic Development Corporation B, based on financial health (reserves and operating margin).
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Explore more
Data for Murray-calloway Economic Development Corporation (EIN 61-1034835) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.