Center for Economic Democracy

Analysis

Center for Economic Democracy is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2018, 8 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, Center for Economic Democracy reported income of $4.9m and spending of $4.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.9m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Economic Democracy 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 91st percentile within MA. Charities of a similar size with the same main cause include Maryland Manufacturing Service Inc ($4.9m), Denverworks ($4.9m) and Plumbers & Pipefitters Local 502 Joint Education & Training Fund ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $351k (7.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $16.3m against liabilities of $4.5m, net assets of $11.7m. It reported 38 employees.