East River Development Alliance Inc

Analysis

East River Development Alliance Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, East River Development Alliance Inc reported income of $13.9m and spending of $10.3m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $6.3m to $13.9m (+121%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 94%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East River Development Alliance Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Convivial Life Inc ($13.8m), Appalachia Service Project Inc ($13.9m) and Affordable Housing Development Fund Inc ($13.8m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $186k (1.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $8.4m against liabilities of $3.4m, net assets of $5.0m. It reported 206 employees.