Historic Eastside Community Development Corporation

Analysis

Historic Eastside Community Development Corporation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Historic Eastside Community Development Corporation reported income of $496k and spending of $628k, spending 127% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $250k to $496k (+99%), an average of +41% a year. The sharpest change came in the year to September 2022, when income rose by 171%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Eastside Community Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Central Iowa Center for Independent Living ($496k), Trotwood Community Improvement Corporation ($496k) and Artesia Mainstreet Inc ($496k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $117k (19% of expenses). At year end it held assets of $452k against liabilities of $173k, net assets of $279k. It reported 1 employees.