East Bay Community Development Corporation

Analysis

East Bay Community Development Corporation is a registered charity in United States, based in Bristol, RI. It received its IRS tax-exemption ruling in April 1992, 34 years ago. 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 2024, East Bay Community Development Corporation reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.3m to $1.6m (-30%), an average of -8.4% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Bay Community Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within RI. Charities of a similar size with the same main cause include New Jersey Primary Care Association Inc ($1.6m), Great Falls Council Inc ($1.6m) and Saint Albans Housing Corporation ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $4.2m against liabilities of $746k, net assets of $3.5m. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.