Lorain County Community Development Corporation

Analysis

Lorain County Community Development Corporation is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in January 2023, 3 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, Lorain County Community Development Corporation reported income of $283k and spending of $54k, leaving 81% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $283k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lorain County Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Community Builders Network of Metro St Louis ($283k), A&b It S All Good Inc ($283k) and Batavia Main Street ($283k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.