Mission
RESPONSIBLE FOR THE ENHANCEMENT OF THE SOCIO-ECONOMIC ENVIRONMENT OF SALISBURY AND THE WICOMICO COUNTY REGION THROUGH THE PRESERVATION AND CREATION OF PRODUCTIVE EMPLOYMENT OPPORTUNITIES.
Public Charity
Salisbury Wicomico Economic Development Inc
Salisbury Wicomico Economic Development Inc is a private foundation categorized as Public Charity based in Salisbury, MD. Its most recent IRS filing (2025) reports revenue of $691K, expenses of $665K, total assets of $1.4M. Imperigo tracks 79 reported grants from this foundation totaling approximately $1.2M.
EIN: 520885275
Salisbury, MD
Latest filing: 2025
Total Revenue$691K
Total Expenses$665K
Total Assets$1.4M
Grants Given79
Grant Total$1.2M
Filing Years2021–2025
Where $100 goes at Salisbury Wicomico Economic Development Inc
How Salisbury Wicomico Economic Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$98
Programs
the work itself
$2
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $98 for programs
$98
Economic Development of Salisbury, Maryland AND LOCAL AREA
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
MCCAIN DEES & ASSOCIATES INC
ASSIST WITH DISRUPTION DUE TO COVID
$14,636
TRS CPA GROUP PA
ASSIST WITH DISRUPTION DUE TO COVID
$12,650
DRS BRANTON AND JARRAH PA
ASSIST WITH DISRUPTION DUE TO COVID
$10,000
MITCHELL S GITTELMAN DO PA
ASSIST WITH DISRUPTION DUE TO COVID
$7,956
LAWS INSLEY & BENSON PA
ASSIST WITH DISRUPTION DUE TO COVID
$7,378
Showing up to 5 of 79 total records — full history available with membership.
Officers & Directors
Director
Bak Patel
Director
Bob Core
Director
Chelsye Phillips-Hutton
Director
Chris Hall
Director
Chris Perdue
Secretary
Christopher Eccleston
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $691K | $665K | $1.4M |
| 2024 | $2.4M | $2.3M | $1.8M |
| 2023 | $971K | $935K | $3.7M |
| 2022 | $288K | $430K | $1.1M |
| 2021 | $5.4M | $5.6M | $1.2M |
Between 2021 and 2025, reported annual revenue declined from $5.4M to $691K (-87%), with total assets most recently reported at $1.4M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in MD.
MD
Full geographic grant map with state-by-state breakdown available with membership.