Caddo Ward II Industrial Development Corporation

Analysis

Caddo Ward II Industrial Development Corporation is a registered charity in United States, based in Vivian, LA. It received its IRS tax-exemption ruling in October 1997, 29 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 December 2023, Caddo Ward II Industrial Development Corporation reported income of $70k and spending of $63k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $126k to $70k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Caddo Ward II Industrial Development Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Worthington Hills Civic Association ($70k), Japanese Agape Senior Independent Living ($70k) and Community Betterment Foundation Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $2.6m against liabilities of $161k, net assets of $2.4m.