Eastern American Certified Development Company Inc

Analysis

Eastern American Certified Development Company Inc is a registered charity in United States, based in Pavesapesorarkar, NJ. It received its IRS tax-exemption ruling in January 2009, 17 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, Eastern American Certified Development Company Inc reported income of $1.3m and spending of $828k, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $544k to $1.3m (+132%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 282%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Eastern American Certified Development Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Northern Arizona Technology & Business Incubator ($1.3m), Glen Aire Mobilehome Park Corporation ($1.3m) and Central District Management Assocation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 64% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.6m against liabilities of $312k, net assets of $1.3m. It reported 4 employees.