Western Reserve Community Development Corporation

Analysis

Western Reserve Community Development Corporation is a registered charity in United States, based in Mentor, OH. It received its IRS tax-exemption ruling in April 1993, 33 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, Western Reserve Community Development Corporation reported income of $684k and spending of $621k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $605k to $684k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Western Reserve Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Accutran Inc ($684k), Shanta Foundation Inc ($684k) and Community Data Roundtable ($683k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $20k (3.2% of expenses). Other salaries and wages came to $83k. At year end it held assets of $2.5m against liabilities of $57k, net assets of $2.4m. It reported 5 employees.