Elevate Douglas Economic Development Corporation Inc

Analysis

Elevate Douglas Economic Development Corporation Inc is a registered charity in United States, based in Douglasville, GA. It received its IRS tax-exemption ruling in September 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 December 2023, Elevate Douglas Economic Development Corporation Inc reported income of $527k and spending of $449k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $859k to $527k (-39%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elevate Douglas Economic Development Corporation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Scranton Tomorrow ($527k), Asian Pacific Islander Small Business Program Incorporated ($527k) and Carroll Hills Industries Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $69k, net assets of $62k.