Con-Ed Resource and Development Services Inc

Analysis

Con-Ed Resource and Development Services Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Con-Ed Resource and Development Services Inc reported income of $185k and spending of $160k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3,088 to $185k (+5883%), an average of +291% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Con-Ed Resource and Development Services Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Independent Living Alternatives Inc ($185k), Sacramento Community Land Trust Inc ($185k) and Robert L Fortes House Inc ($185k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $815k against liabilities of $7,024, net assets of $808k.