Community and Economic Development

Analysis

Community and Economic Development is a registered charity in United States, based in Quincy, FL. It received its IRS tax-exemption ruling in January 1982, 44 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, Community and Economic Development reported income of $6.7m and spending of $5.7m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $6.7m (+40%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community and Economic Development sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Private Industry Council of Passaic County Incorporated ($6.7m), Thunder Valley Community Development Corporation ($6.7m) and Bona Fide Conglomerate Inc ($6.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.1% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $13.3m against liabilities of $2.0m, net assets of $11.3m. It reported 87 employees.