Akron Community Development Association Inc

Analysis

Akron Community Development Association Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in March 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Akron Community Development Association Inc reported income of $3.3m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $3.3m (-4.4%), an average of -1.1% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Akron Community Development Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include New West Community Capital Inc ($3.3m), Center for Rapid Recovery Inc ($3.3m) and Guadalupe Neighborhood Development Corporation ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $313k (9.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.3m against liabilities of $431k, net assets of $896k. It reported 68 employees.