Central Six Development Council

Analysis

Central Six Development Council is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover employment, 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, Central Six Development Council reported income of $603k and spending of $575k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $603k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. 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, Central Six Development Council sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Affiliated Tribes of Northwest Indians-Economic Development Corp ($603k), Civic Hall Labs Inc ($604k) and Spectrum Industries ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Other salaries and wages came to $292k. At year end it held assets of $132k against liabilities of $66k, net assets of $66k.