Jedco Development Corporation

Analysis

Jedco Development Corporation is a registered charity in United States, based in Avondale, LA. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Jedco Development Corporation reported income of $150k and spending of $148k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $129k to $150k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. 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, Jedco Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within LA. Charities of a similar size with the same main cause include Rock and Wrap It Up Inc ($150k), Covenant Community Development Corporation of Orlando Inc ($150k) and Ewe Spirit Foundation Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $268k against liabilities of $264k, net assets of $3,311.