Elyria Community Partnership

Analysis

Elyria Community Partnership is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in March 2022, 4 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, Elyria Community Partnership reported income of $258k and spending of $228k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $352k to $258k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elyria Community Partnership sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within OH. Charities of a similar size with the same main cause include Foundation for Community Driven Innovation Inc ($258k), Forever Elmwood Corporation ($258k) and Oneredmond Foundation ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $66k (29% of expenses). Other salaries and wages came to $16k. At year end it held assets of $258k against liabilities of $0, net assets of $258k. It reported 3 employees.