East Lake Community Development Inc

Analysis

East Lake Community Development Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 1983, 43 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 June 2024, East Lake Community Development Inc reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $19k to $1.9m (+10114%), an average of +218% a year. The sharpest change came in the year to June 2021, when income rose by 3954%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Lake Community Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within AL. Charities of a similar size with the same main cause include Sunnybrook Estates ($1.9m), Justice for Housing Inc ($1.9m) and Covenant Recovery Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $10.2m against liabilities of $9.1m, net assets of $1.1m. It reported 1 employees.