The Corporation for Community and Economic Development United Inc

Analysis

The Corporation for Community and Economic Development United Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Corporation for Community and Economic Development United Inc reported income of $376k and spending of $407k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $265k to $376k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Corporation for Community and Economic Development United Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Douglas County Libraries Foundation ($375k), Pine Bush Area Public Library District ($376k) and Hedl LLC ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $300k (74% of expenses). Other salaries and wages came to $22k. At year end it held assets of $13k against liabilities of $0, net assets of $13k. It reported 7 employees.