Economic Development on Third

Analysis

Economic Development on Third is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Development on Third reported income of $985k and spending of $964k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $985k (+186%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Development on Third sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Pride of Ticonderoga Inc ($985k), California Product Stewardship Council ($985k) and Professional Women in Construction Inc ($984k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $124k (13% of expenses). At year end it held assets of $251k against liabilities of $200, net assets of $251k. It reported 1 employees.