National Alliance of Community Economic Development Associations

Analysis

National Alliance of Community Economic Development Associations is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 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 December 2023, National Alliance of Community Economic Development Associations reported income of $782k and spending of $1.3m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $818k to $782k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Alliance of Community Economic Development Associations sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Michigan Economic Development Foundation ($782k), Business Industry Foundation of Middlesex County Inc ($782k) and Mni Sota Fund ($782k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $143k (11% of expenses). Other salaries and wages came to $220k. At year end it held assets of $867k against liabilities of $80k, net assets of $787k. It reported 5 employees.