Asset Based Community Development Institute

Analysis

Asset Based Community Development Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2015, 11 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, Asset Based Community Development Institute reported income of $129k and spending of $70k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $335k to $129k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Asset Based Community Development Institute sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within IL. Charities of a similar size with the same main cause include Huron County Development Council ($129k), Friends of the Northern Rail Trail ($129k) and Claremore Main Street Inc ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. At year end it held assets of $167k against liabilities of $1,557, net assets of $166k.