Excel Community Development Corporation

Analysis

Excel Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Excel Community Development Corporation reported income of $692k and spending of $555k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $692k (+210%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Excel Community Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include WM Emergency Support Fund Inc ($692k), The Kelly Gibson Foundation ($692k) and Hearts Full of Love ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $11k (2.0% of expenses). At year end it held assets of $364k against liabilities of $226k, net assets of $137k. It reported 7 employees.