Ethiopian Community Services Inc

Analysis

Ethiopian Community Services Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 1995, 31 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 June 2024, Ethiopian Community Services Inc reported income of $113k and spending of $123k, spending 108% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $198k to $113k (-43%), an average of -43% a year. The sharpest change came in the year to June 2024, when income dropped by 43%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ethiopian Community Services Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Missouri Valley Growth Inc ($113k), Hatch Avl Foundation ($113k) and Lorain Revitalization Association ($113k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.