Ijara Community Development Corporation

Analysis

Ijara Community Development Corporation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 2016, 10 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, Ijara Community Development Corporation reported income of $253k and spending of $284k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $253k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ijara Community Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Peer Voices United ($253k), Main Street Greenwood Incorporated ($253k) and Center for Local Government ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $95k against liabilities of $106k, net assets of -$11k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.