Corporation for Social and Educational Development

Analysis

Corporation for Social and Educational Development is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Corporation for Social and Educational Development reported income of $1.6m and spending of $1.9m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $858k to $1.6m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corporation for Social and Educational Development sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include New Mexico Land Conservancy ($1.6m), Project Ropa ($1.6m) and Elmhurst the House of Friendship Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $124k (6.6% of expenses). Other salaries and wages came to $71k. At year end it held assets of $4.8m against liabilities of $1.1m, net assets of $3.7m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.