Institute for Community Economics Inc

Analysis

Institute for Community Economics Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1977, 49 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, Institute for Community Economics Inc reported income of $2.1m and spending of $2.0m, spending 95% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $388k to $2.1m (+451%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 467%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute for Community Economics Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include Our Lady of America Ministries Inc ($2.1m), Gulf Coast Economic Development District Inc ($2.1m) and Syracuse Economic Development Corporation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 11% of the total. At year end it held assets of $23.4m against liabilities of $21.9m, net assets of $1.5m.