Ebenezer Development Corporation

Analysis

Ebenezer Development Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ebenezer Development Corporation reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.2m to $1.3m (+10%), an average of +3.3% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ebenezer Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include East New York CLT Inc ($1.3m), Community Lodgings Inc ($1.3m) and Little Tokyo Towers Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $181k. At year end it held assets of $2.9m against liabilities of $3.8m, net assets of -$942k.