Avondale Development Corporation

Analysis

Avondale Development Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 2011, 15 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, Avondale Development Corporation reported income of $836k and spending of $1.5m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $932k to $836k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avondale Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Unlimited Possibilties Inc ($836k), Gateway Industries Inc ($836k) and West Side Community Services Inc ($836k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 192% of the total. Compensation of current officers, directors and key employees was $62k (4.1% of expenses). Other salaries and wages came to $373k. At year end it held assets of $448k against liabilities of $295k, net assets of $153k. It reported 5 employees.