North Canton Community Improvement Corporation

Analysis

North Canton Community Improvement Corporation is a registered charity in United States, based in North Canton, OH. It received its IRS tax-exemption ruling in April 2022, 4 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, North Canton Community Improvement Corporation reported income of $6.6m and spending of $10.0m, spending 152% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $176k to $6.6m (+3622%), an average of +510% a year. The sharpest change came in the year to December 2022, when income rose by 2261%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Canton Community Improvement Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Structured Employment Economic Development Corporation ($6.6m), Skillsource Inc ($6.6m) and Fayco Enterprises Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $4.2m against liabilities of $2.0m, net assets of $2.1m.