Enfocus Inc

Analysis

Enfocus Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in November 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Enfocus Inc reported income of $5.0m and spending of $4.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to July 2023, income grew from $2.2m to $5.0m (+133%), an average of +24% a year. The sharpest change came in the year to July 2021, when income rose by 151%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Enfocus Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Appalachian Partnership Inc ($5.0m), Milwaukee Economic Development Corp ($5.0m) and California Coastal Rural Development Corporation ($5.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $152k (3.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $1.9m against liabilities of $155k, net assets of $1.7m. It reported 61 employees.