Atlanta Berean Community Development Corporation

Analysis

Atlanta Berean Community Development Corporation is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2020, 6 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 2023, Atlanta Berean Community Development Corporation reported income of $530k and spending of $653k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $530k (+43%), an average of +9.3% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Atlanta Berean Community Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Living Stream Inc ($530k), Metowers Inc ($530k) and Phoenix RHF Housing Inc ($530k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $4.1m against liabilities of $52k, net assets of $4.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.