Usbc Community Economic Development Corporation

Analysis

Usbc Community Economic Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Usbc Community Economic Development Corporation reported income of $3.3m and spending of $2.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $445k to $3.3m (+634%), an average of +65% a year. The sharpest change came in the year to December 2020, when income rose by 561%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Usbc Community Economic Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Cold Spring Harbor Library ($3.3m), Delta Campus Facilities Corporation ($3.3m) and Communities in Schools of Benton-Franklin ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $924k. At year end it held assets of $5.2m against liabilities of $539k, net assets of $4.7m.