Association for Community Organization and Resource Developm

Analysis

Association for Community Organization and Resource Developm is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover employment, 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, Association for Community Organization and Resource Developm reported income of $6.0m and spending of $6.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association for Community Organization and Resource Developm sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Center on Rural Innovation Inc ($6.0m), Norfolk State University Research and Innovation Foundation ($6.0m) and Neighborhood Housing Services of Baltimore Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $625k (10% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $3.9m against liabilities of $3.2m, net assets of $757k. It reported 120 employees.