North Carolina · Nonprofit
MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC
MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC (North Carolina) receives grants from 1 organization whose IRS filings report $95,000 to it, the largest being THE GOLDEN LEAF INC ($95,000). 0 of them have funded it in more than one year.
- Revenue FY2023
- $228k
- Funders on record
- 1
- Grants received
- $95k
- Net assets
- $82k
What McDowell Economic Development Association Inc does
Mission
Form 990 - organizations missionthe mission is to create jobs and increase the tax base in mcdowell county,whether it is through recruiting a new industry or assisting an existingindustry that is expanding. In an effort to conform to this goal, medamaintains a good working relationship with the north carolina department ofcommerce, advantagewest, industrial realtors, utility companies, and otherinterested parties.form 990, part I, line 6volunteer board of directorsform 990, part iii, line 4d - all other accomplishmentsfacade renovations
As stated on its FY2023 Form 990.
Program
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
$144,177 spent$227,897 earned by the program100% of program spending
The program described on its FY2022 Form 990. Program spending in total: $144,177.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $39k to $86k (+119%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 96% · 2018 94% · 2019 98% · 2020 96% · 2021 95% · 2022 95% · 2023 98%. Grants only. Government contracts and fees sit inside program revenue.
100% of MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Charles Abernathy
Executive director
Board chair
David Wooten
Chairperson
As listed on its FY2023 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC's grant income comes from North Carolina funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC runs a healthier operating margin than half of the 11,535 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,535 community improvement nonprofits $100k–$1M, FY2023
Organizations like MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
80% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC?
- MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC (North Carolina) receives grants from 1 organization whose IRS filings report $95,000 to it, the largest being THE GOLDEN LEAF INC ($95,000). 0 of them have funded it in more than one year.
- How many funders does MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC have?
- IRS filings report 1 organization giving $95,000 in grants to MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC.
- Who is the largest funder of MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC?
- THE GOLDEN LEAF INC is the largest funder on record, with $95,000 in grants. The full list of funders is on this page.
- How can an organization like MCDOWELL ECONOMIC DEVELOPMENT ASSOCIATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds McDowell Economic Development Association →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2023 (financials across 2017–2023), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing