Economic Development with On-Going-Community Engagement Inc

Analysis

Economic Development with On-Going-Community Engagement Inc is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in June 2020, 6 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 October 2023, Economic Development with On-Going-Community Engagement Inc reported income of $57k and spending of $48k, spending 84% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $23k to $57k (+148%), an average of +148% a year. The sharpest change came in the year to October 2023, when income rose by 148%. Over the whole period it spent 60% 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 with On-Going-Community Engagement Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Business-Industry Foundation of Western Connecticut Inc ($57k), House of Pride Inc ($57k) and Friends of Lexington Preservation ($57k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.