Avery Chapel Community Development Corporation

Analysis

Avery Chapel Community Development Corporation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avery Chapel Community Development Corporation reported income of $72k and spending of $70k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $72k (+368%), an average of +368% a year. The sharpest change came in the year to December 2023, when income rose by 368%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avery Chapel Community Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OK. Charities of a similar size with the same main cause include Black Women Lawyers Association Scholarship Fund ($72k), Junior League of Fort Collins ($72k) and Swenson House Historical Society ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,976 against liabilities of $0, net assets of $8,976.