The Ideal Community Economic and Education Development Inc

Analysis

The Ideal Community Economic and Education Development Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Ideal Community Economic and Education Development Inc reported income of $110k and spending of $77k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $110k (+1.8%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Ideal Community Economic and Education Development Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Men of Intelligence Association Inc ($110k), Read to Me Stockton ($110k) and Rotary Club of Asheville-Biltmore Foundation ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. At year end it held assets of $880k against liabilities of $392k, net assets of $487k.