Westown Community Development Corporation

Analysis

Westown Community Development Corporation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 1995, 31 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 June 2023, Westown Community Development Corporation reported income of $480k and spending of $399k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $422k to $480k (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westown Community Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Painters Apprenticeship and Training Trust Fund ($479k), Unifour One ($480k) and Great Plains Development Inc ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Other salaries and wages came to $261k. At year end it held assets of $804k against liabilities of $158k, net assets of $645k. It reported 7 employees.