E & L Development Foundation

Analysis

E & L Development Foundation is a registered charity in United States, based in Flowood, MS. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, E & L Development Foundation reported income of $236k and spending of $218k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $236k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, E & L Development Foundation 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 57th percentile, and in the 59th percentile within MS. Charities of a similar size with the same main cause include My Brothers Keeper Inc ($236k), Blue Igloo Playgroup ($236k) and Mikeys Place ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (47% of expenses). At year end it held assets of $44k against liabilities of $10k, net assets of $33k. It reported 2 employees.