Allen Temple Community Economic Development Corporation

Analysis

Allen Temple Community Economic Development Corporation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 2005, 21 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 June 2023, Allen Temple Community Economic Development Corporation reported income of $622k and spending of $838k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $603k to $622k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allen Temple Community Economic Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Las Vegas Community Investment Corporation ($622k), Village Improvement Association of Doylestown Pa ($622k) and Time for Change ($621k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 103% of the total. Other salaries and wages came to $122k. At year end it held assets of $7.8m against liabilities of $2.5m, net assets of $5.3m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.