St Bernard Economic Development Foundation

Analysis

St Bernard Economic Development Foundation is a registered charity in United States, based in Chalmette, LA. It received its IRS tax-exemption ruling in August 2007, 19 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 2022, St Bernard Economic Development Foundation reported income of $399k and spending of $280k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $194k to $399k (+106%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Bernard Economic Development Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within LA. Charities of a similar size with the same main cause include Chesapeake Bay Industries Inc ($399k), Oakwood Arts Inc ($399k) and Youth Employment Program Inc ($398k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $110k (39% of expenses). Other salaries and wages came to $25k. At year end it held assets of $831k against liabilities of $0, net assets of $831k. It reported 2 employees.