Charity Search / STARK ECONOMIC DEVELOPMENT BOARD INC
Community Improvement (S32Z) IRS Verified DX Registered 990 on File

STARK ECONOMIC DEVELOPMENT BOARD INC

EIN: 34-1476938 · CANTON, OH 44702-1100 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 55/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$3.4M
Total Revenue
$2.3M
Total Expenses
$4.0M
Net Assets
12
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.6%
Fundraising Efficiency N/A
Operating Reserve 21.44x
Liability-to-Asset 14.4%
Revenue Diversification 94.8%
Executive Compensation $237K
Compared with Peers
FY 2024
Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.6% 85.2%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
11.1% 11.8%
P10P90
Above median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
2.3% 0.1%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
21.4 mo 9.7 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
14.4% 21.0%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
94.8% 90.7%
P10P90
Below median
Revenue growth
Year over year revenue growth
186.5% 8.8%
P10P90
Expense growth
Year over year expense growth
29.0% 10.1%
P10P90
Surplus margin
Surplus as a share of revenue
32.5% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.4M $2.3M $4.0M 86.6% 12
2023 $1.2M $1.8M $3.0M 86.2% 9
2022 $873K $1.3M $3.5M 84.3% 10
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Organization Details
EIN
34-1476938
State
OH
City
CANTON
ZIP
44702-1100
Classification
S32Z
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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