Tri-county Economic Development Charitable Corporation is a 501(c)(3) organization based in Covington, Kentucky, registered in 2019, with $168,061 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$168K
▼ 34.0% vs prior year
Community median: $184K
Expenses (FY2024)
$1.1M
Net assets
$1.3M
Employees
—
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 Tri-county Economic Development Charitable Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Tri-county Economic Development Charitable Corporation: 13 mo reserves · -571% margin earns a F on this criterion. See the exact thresholds →
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 Tri-county Economic Development Charitable Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Tri-county Economic Development Charitable Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $57K (FY2019) to $168K (FY2024) across 5 reported years.
Financial snapshot
Operating margin
-570.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.7M
Total liabilities
$400K
Net assets
$1.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $168,061▼34.0% | $1,127,562▲38.5% | $1,267,728▼43.2% | $1,667,929▼30.9% | 990 |
| 2023 | $254,784▼78.3% | $814,363▲44.1% | $2,231,942▼20.1% | $2,414,363▼17.5% | 990 |
| 2022 | $1,176,302▼45.4% | $564,965▲3766333% | $2,793,724▲28.4% | $2,926,916▲34.5% | 990 |
| 2021 | $2,155,761▲3682% | $15▼100.0% | $2,175,472▲22268% | $2,175,472▲22268% | 990 |
| 2019 | $57,000 | $47,274 | $9,726 | $9,726 | 990EZ |
| 2018 | — | — | $0 | $0 | 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.
8 grants to Tri-county Economic Development Charitable Corporation totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| St Elizabeth Medical Center Inc | Program support | 2024 | $200,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $100,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $50,000 |
| St Elizabeth Medical Center Inc | Program support | 2023 | $200,000 |
| American Online Giving Foundation Inc | General support | 2023 | $100,000 |
| St Elizabeth Medical Center Inc | Program support | 2022 | $200,000 |
| St Elizabeth Medical Center Inc | Program support | 2021 | $200,000 |
Explore more
Data for Tri-county Economic Development Charitable Corporation (EIN 83-2547630) 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.