East Central Development Corporation

Analysis

East Central Development Corporation is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Central Development Corporation reported income of $301k and spending of $634k, spending 211% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $321k to $301k (-6.2%), an average of -1.6% a year. The sharpest change came in the year to June 2021, when income rose by 145%. 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, East Central Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Foundation Builders Servants Outreach ($301k), North End Woodward Community Coalition ($301k) and Brunswick Main Street Inc ($301k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $102k against liabilities of $12k, net assets of $90k.