Center for Community Based Enterprise Inc

Analysis

Center for Community Based Enterprise Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2008, 18 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, Center for Community Based Enterprise Inc reported income of $173k and spending of $342k, spending 198% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $107k to $173k (+62%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 256%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Community Based Enterprise Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Junior League of Sioux City ($173k), For Good PGH ($173k) and Bloomfield Main Street Inc ($173k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $206k against liabilities of $172k, net assets of $34k.