Central Arkansas Development Council

Analysis

Central Arkansas Development Council is a registered charity in United States, based in Benton, AR. It received its IRS tax-exemption ruling in January 1966, 60 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 May 2024, Central Arkansas Development Council reported income of $82.8m and spending of $76.9m, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $48.5m to $82.8m (+71%), an average of +14% a year. The sharpest change came in the year to May 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Arkansas Development Council sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Waterstone Supporting Organization Trust 1 ($82.6m), Per Scholas Inc ($83.3m) and Gateway Economic Development Corporation of Greater Cleveland ($82.3m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $17.6m. At year end it held assets of $35.1m against liabilities of $2.8m, net assets of $32.2m. It reported 660 employees.