Spencer-owen County Economic Development Corporation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Spencer-owen County Economic Development Corporation is a 501(c)(3) organization based in Spencer, Indiana, registered in 1988, with $304,668 in FY2024 revenue. CharityIndex grades it B.
Po Box 87, Spencer, IN, 47460 EIN 31-1183771 Since 1988
Revenue (FY2024)
$305K
▲ 1.1% vs prior year
Expenses (FY2024)
$261K
Net assets
$404K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Spencer-owen County 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 →
AFinancial health25% of the rating19 mo reserves · +14% 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 Spencer-owen County Economic Development Corporation: 19 mo reserves · +14% margin earns a A 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 Spencer-owen County 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 Spencer-owen County 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 $153K (FY2012) to $305K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $38KNet assets $404K
Operating margin
14.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$441K
Total liabilities
$38K
Net assets
$404K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $304,668▲1.1% | $261,087▲0.1% | $403,503▲12.1% | $441,422▲13.5% | 990 |
| 2023 | $301,254▲36.2% | $260,731▲5.5% | $359,922▲12.7% | $388,928▲11.7% | 990 |
| 2022 | $221,264▼21.6% | $247,176▲27.8% | $319,399▼8.2% | $348,169▼7.3% | 990 |
| 2021 | $282,073▲26.9% | $193,415▼27.2% | $347,776▲48.0% | $375,447▲56.1% | 990 |
| 2020 | $222,216▲3.6% | $265,762▲37.6% | $234,958▼9.3% | $240,560▼13.7% | 990 |
| 2019 | $214,413▲7.9% | $193,178▲32.6% | $259,044▲8.9% | $278,741▲13.9% | 990 |
| 2018 | $198,791▲19.6% | $145,732▲4.3% | $237,809▲27.6% | $244,672▲29.8% | 990 |
| 2017 | $166,248▲39.8% | $139,770▲14.5% | $186,326▲113% | $188,566▲97.8% | 990EZ |
| 2016 | $118,959▲24.8% | $122,061▲11.7% | $87,320▼1.7% | $95,335▲4.7% | 990EZ |
| 2015 | $95,290▲4.7% | $109,280▲50.2% | $88,801▼23.1% | $91,046▼21.8% | 990EZ |
| 2014 | $91,027▼33.6% | $72,754▼35.4% | $115,456▲21.3% | $116,420▲21.1% | 990EZ |
| 2013 | $137,096▼10.2% | $112,551▼20.0% | $95,180▲35.4% | $96,100▲35.0% | 990EZ |
| 2012 | $152,669 | $140,642 | $70,286 | $71,176 | 990EZ |
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.
Grants received · $25K total
1 grant to Spencer-owen County Economic Development Corporation totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2023 | $25,000 |
Frequently asked questions
- Is Spencer-owen County Economic Development Corporation a legitimate nonprofit?
- Yes. Spencer-owen County Economic Development Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1183771, based in Spencer, Indiana. Donations are tax-deductible.
- What is Spencer-owen County Economic Development Corporation's EIN?
- Spencer-owen County Economic Development Corporation's Employer Identification Number (EIN) is 31-1183771.
- How much revenue does Spencer-owen County Economic Development Corporation report?
- Spencer-owen County Economic Development Corporation reported $304,668 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Spencer-owen County Economic Development Corporation have?
- CharityIndex grades Spencer-owen County Economic Development Corporation B, based on financial health (reserves and operating margin).
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Data for Spencer-owen County Economic Development Corporation (EIN 31-1183771) 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.