Englewood Community Development Corporation

Analysis

Englewood Community Development Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Englewood Community Development Corporation reported income of $11.8m and spending of $8.1m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $11.8m (+213%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Englewood Community Development Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include People Serving People Inc ($11.8m), Loveland Elder Green House Homes for Life Enrichment a Colorado Non ($11.9m) and Forkids Inc ($11.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $55k (0.7% of expenses). Other salaries and wages came to $971k. At year end it held assets of $30.2m against liabilities of $11.4m, net assets of $18.8m. It reported 51 employees.