Ethiopian Community Center in

Analysis

Ethiopian Community Center in is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in January 2024, 2 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, Ethiopian Community Center in reported income of $92k and spending of $133k, spending 144% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $129k to $92k (-28%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ethiopian Community Center in sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include West Loop Gate a Community ($92k), Upper Fells Point Improvement Association Inc ($92k) and City Club of Portland ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $98k. At year end it held assets of $82k against liabilities of $0, net assets of $82k.