Ameritrust CDC

Analysis

Ameritrust CDC is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in February 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 September 2023, Ameritrust CDC reported income of $1.7m and spending of $2.0m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.7m (+6.5%), an average of +1.6% a year. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ameritrust CDC sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Talitha Koum Institute ($1.7m), Erie Regional Chamber and Growth Partnership ($1.7m) and Nonprofits First Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $184k (9.3% of expenses). Other salaries and wages came to $637k. At year end it held assets of $1.9m against liabilities of $960k, net assets of $926k. It reported 8 employees.