Enterprise Development & Management Corporation

Analysis

Enterprise Development & Management Corporation is a registered charity in United States, based in East Chicago, IN. It received its IRS tax-exemption ruling in August 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, Enterprise Development & Management Corporation reported income of $194k and spending of $179k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $180k to $194k (+8.3%), an average of +2.0% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enterprise Development & Management Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Craven 100 Alliance ($194k), Greater Luna County Economic Opportunity Council ($195k) and Pennsylvania State Association of County Fairs ($194k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $36k (20% of expenses). Other salaries and wages came to $25k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 5 employees.