Shaker Heights Development Corp

Analysis

Shaker Heights Development Corp is a registered charity in United States, based in Shaker HTS, OH. It received its IRS tax-exemption ruling in September 2011, 15 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, Shaker Heights Development Corp reported income of $298k and spending of $356k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $463k to $298k (-36%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shaker Heights Development Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OH. Charities of a similar size with the same main cause include Trust Montana Inc ($298k), Council for Historic Downtown Issaquah ($298k) and Sheet Metal Contracting Industry Education Fund of Northeastern Pen ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $83k (23% of expenses). At year end it held assets of $1.3m against liabilities of $325k, net assets of $986k. It reported 2 employees.