Center for Entrepreneurial Development

Analysis

Center for Entrepreneurial Development is a registered charity in United States, based in RTP, NC. It received its IRS tax-exemption ruling in December 1988, 38 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 June 2023, Center for Entrepreneurial Development reported income of $4.9m and spending of $1.3m, leaving 74% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $4.9m (+371%), an average of +68% a year. The sharpest change came in the year to June 2023, when income rose by 355%. Over the whole period it spent 57% 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 Entrepreneurial Development 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 93rd percentile within NC. Charities of a similar size with the same main cause include Goodwill Specialty Services Inc ($4.9m), Operation Fresh Start Inc ($4.9m) and Inter-County Community Council Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $156k (12% of expenses). Other salaries and wages came to $489k. At year end it held assets of $4.2m against liabilities of $409k, net assets of $3.8m. It reported 6 employees.