Northeast Alabama Community Development Corporation

Analysis

Northeast Alabama Community Development Corporation is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Northeast Alabama Community Development Corporation reported income of $58k and spending of $73k, spending 126% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $87k to $58k (-33%), an average of -34% a year. The sharpest change came in the year to September 2023, when income dropped by 33%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northeast Alabama Community Development Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within AL. Charities of a similar size with the same main cause include Rumson Parent Teacher Organization Inc ($58k), Parent Booster USA Inc ($58k) and Titan Band Booster Association Inc ($58k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 20% of the total. At year end it held assets of $451k against liabilities of $66k, net assets of $385k.