Essex County Community Organization

Analysis

Essex County Community Organization is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in December 1982, 44 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 June 2023, Essex County Community Organization reported income of $563k and spending of $475k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $340k to $563k (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 60%. 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, Essex County Community Organization sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Roaring Fork Community Development Corporation ($563k), Communicare Industries Inc ($564k) and Beta Group ($563k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $305k. At year end it held assets of $381k against liabilities of $75k, net assets of $306k. It reported 6 employees.