Central City Economic Opportunity Corporation

Analysis

Central City Economic Opportunity Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Central City Economic Opportunity Corporation reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central City Economic Opportunity Corporation 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 85th percentile, and in the 85th percentile within LA. Charities of a similar size with the same main cause include The Center for Social Capital Inc ($1.9m), Treehouse Therapies Associates ($1.9m) and Strategic Concepts in Organizing and Policy Education ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $99k (5.3% of expenses). Other salaries and wages came to $678k. At year end it held assets of $1.9m against liabilities of $735k, net assets of $1.2m. It reported 25 employees.