District 2 Community Enhancement Corporation

Analysis

District 2 Community Enhancement Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in November 2004, 22 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 2023, District 2 Community Enhancement Corporation reported income of $300k and spending of $379k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $284k to $300k (+5.3%), an average of +1.3% a year. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, District 2 Community Enhancement Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Economic Development Partnership of Hillsdale County Inc ($300k), Foundation for Duplin County Industrial and Business Developmen ($300k) and Arizona Career Development Center ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $93k (25% of expenses). Other salaries and wages came to $49k. At year end it held assets of $1.9m against liabilities of $246k, net assets of $1.7m. It reported 2 employees.

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.