Civic Development Corporation of Ashtabula

Analysis

Civic Development Corporation of Ashtabula is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in April 1960, 66 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Civic Development Corporation of Ashtabula reported income of $425k and spending of $265k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $764k to $425k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Civic Development Corporation of Ashtabula sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include United Way of Milford Inc ($424k), Link of Northern Kandiyohi County ($425k) and Flint Hills Volunteer Center Inc ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $58k (22% of expenses). At year end it held assets of $1.6m against liabilities of $45k, net assets of $1.6m. It reported 1 employees.