Economic and Community Development Institute Inc

Analysis

Economic and Community Development Institute Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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 June 2023, Economic and Community Development Institute Inc reported income of $13.8m and spending of $12.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.2m to $13.8m (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic and Community Development Institute Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Granite United Way ($13.8m), California Childrens Academy ($13.8m) and The Arlington of Naples ($13.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $835k (6.5% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $74.4m against liabilities of $60.9m, net assets of $13.5m. It reported 89 employees.