Overview

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Est.

1985

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Economic and Community Development Institute (ECDI) is a nonprofit organization dedicated to improving communities by supporting disadvantaged low-income and low-wealth entrepreneurs. With an operating budget of $13.2 million and total revenue of $15.3 million for the 2024 filing year, ECDI employs a multi-tiered approach that combines access to affordable capital with comprehensive small business development services, enabling underserved entrepreneurs to establish and grow their businesses. The organization does not rely on a single funder for 50% or more of its revenue and can be found online at www.ecdi.org.

Mission Statement

ECDI SERVES THE NEEDS OF DISADVANTAGED LOW-INCOME, LOW-WEALTH ENTREPRENEURS THROUGH A MULTI-TIERED APPROACH THAT COMBINES ACCESS TO AFFORDABLE CAPITAL, WITH WRAPAROUND SMALL BUSINESS DEVELOPMENT SERVICES, ALLOWING UNDERSERVED ENTREPRENEURS TO CREATE AND EXPAND THEIR BUSINESS AND ENTER THE ECONOMIC MAINSTREAM.
Revenues
$15.3M
Expenses
$13.4M
Net Income:
+$1.9M
Assets
$77.4M
Liabilities
$59.7M
Net Assets:
+$17.6M
Operating Budget
$13.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
10
Median grant size
$31.6K
Largest grant received
$375.5K
S
Steven Fireman
Board Member
I
Inna Kinney
Board Member
M
Maureen Thomas
Board Member

Frequently Asked Questions

What is ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE’s budget?
In 2024, ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE reported an annual operating budget of around $13.2 million. More detailed financial information is available to registered users.
What causes does ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE support?
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE supports work in Community improvement.
Where does ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE operate?
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE is headquartered in Columbus, OH.
Who funded ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE recently?
In 2025, ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE received grants from COMMUNITY REINVESTMENT FUND INC, CHARITIES AID FOUNDATION AMERICA, and AMERICAN ONLINE GIVING FOUNDATION INC. More information on this organization’s funders is available to registered users.
What is the largest grant ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE received in 2024?
The largest grant to ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE in 2024 exceeds $376 thousand.
What is ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE’s reliance on government grants?
ECONOMIC AND COMMUNITY DEVELOPMENT INSTITUTE relied on government grants for more than 60% of their total revenue in 2024.