El Paso Collaborative for Community and Economic Development

Analysis

El Paso Collaborative for Community and Economic Development is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in November 2000, 26 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 August 2023, El Paso Collaborative for Community and Economic Development reported income of $401k and spending of $669k, spending 167% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $280k to $401k (+43%), an average of +9.4% a year. The sharpest change came in the year to August 2022, when income rose by 62%. Over the whole period it spent 150% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Paso Collaborative for Community and Economic Development sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Randolph County Community and Economic Development Foundation ($400k), Toolbank USA Inc ($401k) and Civic Education Fund ($400k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 42% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.7m against liabilities of $706k, net assets of $4.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.