Elwood Community Development Corporation

Analysis

Elwood Community Development Corporation is a registered charity in United States, based in Elwood, IN. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Elwood Community Development Corporation reported income of $213k and spending of $79k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $218k to $213k (-2.3%), an average of -1.2% a year. The sharpest change came in the year to December 2023, when income rose by 346%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elwood Community Development Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Greater Federation of Women Club ($213k), St John Community Development Corporation ($213k) and Mining the Truth ($213k).

Compensation of current officers, directors and key employees was $7,358 (9.4% of expenses). Other salaries and wages came to $3,800. At year end it held assets of $1.3m against liabilities of $114, net assets of $1.3m. It reported 2 employees.