East Arkansas Enterprise Community

Analysis

East Arkansas Enterprise Community is a registered charity in United States, based in Forrest City, AR. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, East Arkansas Enterprise Community reported income of $858k and spending of $872k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $858k (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Arkansas Enterprise Community sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include Lowlander Center ($858k), Unshattered Inc ($859k) and Sepp Management Company Inc ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $45k. At year end it held assets of $340k against liabilities of $20k, net assets of $320k. It reported 18 employees.