Mission
WE CHAMPION RURAL NORTH CAROLINA BY INVESTING IN PEOPLE, COMMUNITIES AND POTENTIALAND ENVISION A RURAL NORTH CAROLINA WHERE EVERY RURAL VOICE MATTERS AND EVERY RURALCOMMUNITY THRIVES.
Public Charity
RURAL ECONOMIC DEVELOPMENT CENTER INC
RURAL ECONOMIC DEVELOPMENT CENTER INC is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2025 filing: $70.0M revenue, $11.6M expenses, $309.1M total assets. 34 publicly reported grants to this organization, totaling roughly $130.4M, appear in IRS filings.
EIN: 561552375
RALEIGH, NC
Rural Economic Development
NTEE: S32
Latest filing: 2025
Total Revenue$70.0M
Total Expenses$11.6M
Total Assets$309.1M
Grant Records34
Funding Total$130.4M
Filing Years2021–2025
Where $100 goes at Rural Economic Development Center Inc
How Rural Economic Development Center Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$78
Programs
the work itself
$20
Management
running the organization
$2
Fundraising
raising the next dollar
Inside the $78 for programs
$46
Small business/entrepreneurship
$24
Leadership & engagement
$8
Advocacy & research
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 Received
SUMMER LITERACY INITIATIVE EXPANSION IN EASTERN NC
$25,000
ECONOMIC DEVELOPMENT ASSISTANCE
$30,000
HOMEGROWN LEADERS PROGRAM IN EASTERN NC
$50,000
ECONOMIC DEVELOPMENT ASSISTANCE
$20,000
CHARITABLE DONATION
$12,743
Showing up to 5 of 34 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Al Bass
BOARD MEMBER (TO DEC '24)
Alice Schenall
DIR OF HR
Andrea Breazeale
BOARD MEMBER
Andy Anderson
BOARD MEMBER
Anne Faircloth
EXEC DIR, CORNERSQUARE LLC
Armeer G Kenchen
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $70.0M | $11.6M | $309.1M |
| 2024 | $60.7M | $13.1M | $247.4M |
| 2023 | $21.4M | $11.7M | $262.4M |
| 2022 | $11.4M | $7.4M | $223.6M |
| 2021 | $47.8M | $6.1M | $231.0M |
Between 2021 and 2025, reported annual revenue grew from $47.8M to $70.0M (+46%), with total assets most recently reported at $309.1M.
Interactive year-over-year charts and full filing details available with membership.