Audubon Partnership for Economic Development Local Dev Corporation

Analysis

Audubon Partnership for Economic Development Local Dev Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1997, 29 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, Audubon Partnership for Economic Development Local Dev Corporation reported income of $158k and spending of $391k, spending 248% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $2,000 to $158k (+7795%), an average of +788% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 308% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Audubon Partnership for Economic Development Local Dev Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Wheeling Township Emergency Fund Inc ($158k), Rifle Economic Development Corporation ($158k) and Nextgen Talent Inc ($158k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $2.1m, net assets of -$807k.

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.