Central Carolina Economic Development Alliance

Analysis

Central Carolina Economic Development Alliance is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1996, 30 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, Central Carolina Economic Development Alliance reported income of $2.2m and spending of $1.9m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+11%), an average of +2.6% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Carolina Economic Development Alliance sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Nebraska Economic Development Corporation ($2.2m), Mantec Inc ($2.2m) and Community Enhancement Services ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $329k (17% of expenses). Other salaries and wages came to $282k. At year end it held assets of $4.1m against liabilities of $491k, net assets of $3.6m. It reported 8 employees.