The Enterprise Center Community Development Corporation

Analysis

The Enterprise Center Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2002, 24 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Enterprise Center Community Development Corporation reported income of $3.5m and spending of $3.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.5m (+86%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 88%. 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, The Enterprise Center Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Fox Valley Workforce Development Board Inc ($3.5m), Charleston Redevelopment Corporation ($3.5m) and TCK Providence Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $764k. At year end it held assets of $27.8m against liabilities of $20.4m, net assets of $7.4m. It reported 37 employees.