McDowell Economic Development Association INC
McDowell Economic Development Association INC is a membership association based in Marion, NC. For fiscal year 2023 it reported $228K in revenue, $181K in expenses, and $82K in net assets.Pt I
- Type
- Membership association · Community Development
- Location
- Marion, NC
- Filings
- 3 on file (2021–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Charles Abernathy’s $86K as Executive Director is at the 63rd percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Where the work happens
To improve the economic conditions for the people of mcdowell county through the recruitment of new businesses and the expansion of existing businessess in the county
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 80% | — | — |
| Overhead ratio | 20% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 79% | — | — |
| Accounting fee ratio | 24% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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