Four area nonprofits approved for DED tax credits

Four area nonprofits are part of a group of 15 statewide approved this week for Neighborhood Assistance Program tax credits by the Missouri Department of Economic Development.

DED gave the green light to $3.6 million in tax credits for nonprofits including two in Branson and one each in Fordland and Buffalo, according to a news release.

Fordland Clinic Inc., a rural provider of medical, dental and mental health care services located east of Springfield, was issued the most tax credits locally, at $350,000.

The DED also awarded:

• $318,465 in tax credits to Missouri Main Street Connection Inc., a Branson nonprofit focused on enhancing the economic, social and environmental aspects of historic business districts in the state;
• $237,359 to Jesus Was Homeless Inc. in Branson, a Christian organization focused on providing food to area homeless people; and
• $210,000 to Horses Of Hope – Missouri Inc. in Buffalo, a nonprofit that provides equine-assisted therapeutic services.

Businesses can receive tax benefits through the Neighborhood Assistance Program by donating cash, materials, supplies or equipment, technical assistance or professional services, labor, real estate or stocks and bonds. Credits can equal up to 50 percent of the amount donated or up to 70 percent in most rural areas, the release said.