Advance Dekalb Inc

Analysis

Advance Dekalb Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in April 2019, 7 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 December 2022, Advance Dekalb Inc reported income of $198k and spending of $147k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $266k to $198k (-25%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. 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, Advance Dekalb Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within GA. Charities of a similar size with the same main cause include Morris County Collaborative ($198k), Insight Center for Community Economic Development ($199k) and New England Association for Financial Professionals Inc ($198k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $634k against liabilities of $415k, net assets of $219k.