West Community Economic Development Corporation

Analysis

West Community Economic Development Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1991, 35 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 2023, West Community Economic Development Corporation reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $649k to $1.8m (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, West Community Economic Development Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include California Health Advocates ($1.8m), Chesapeake Developmental Unit Inc ($1.8m) and Finger Lakes Workforce Investment Board Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 4.4% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $3.3m, net assets of $597k. It reported 19 employees.