South Euclid Community Urban Redevelopment Corporation

Analysis

South Euclid Community Urban Redevelopment Corporation is a registered charity in United States, based in South Euclid, OH. It received its IRS tax-exemption ruling in December 2010, 16 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, South Euclid Community Urban Redevelopment Corporation reported income of $116k and spending of $187k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $452k to $116k (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Euclid Community Urban Redevelopment Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Kiwanis Club of Atascadero Foundation ($116k), Westside Neighborhood Development Corporation ($116k) and Franklin County Theatre-Arts Council Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. Compensation of current officers, directors and key employees was $69k (37% of expenses). Other salaries and wages came to $42k. At year end it held assets of $416k against liabilities of $6,422, net assets of $410k. It reported 2 employees.