Insight Center for Community Economic Development

Analysis

Insight Center for Community Economic Development is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in June 1977, 49 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, Insight Center for Community Economic Development reported income of $199k and spending of $1.0m, spending 507% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $199k (-87%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 92%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Insight Center for Community Economic Development sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Advance Dekalb Inc ($198k), Holmes County Rails-To-Trails Coalition ($199k) and Morris County Collaborative ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $262k (26% of expenses). Other salaries and wages came to $502k. At year end it held assets of $28k against liabilities of $20k, net assets of $8,444. It reported 4 employees.