Enterprise Community Development Inc

Analysis

Enterprise Community Development Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Enterprise Community Development Inc reported income of $64.1m and spending of $78.6m, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $29.2m to $64.1m (+119%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Enterprise Community Development Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Commission on Economic Opportunity of Luzerne County ($63.9m), Trillium Family Services Inc ($64.3m) and Century Housing Corporation ($63.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $3.0m (3.9% of expenses). Other salaries and wages came to $39.0m. It paid $35k in professional fundraising fees. At year end it held assets of $280.4m against liabilities of $224.0m, net assets of $56.4m. It reported 659 employees.

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.