New Jerusalem Community Development Corporation

Analysis

New Jerusalem Community Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2003, 23 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, New Jerusalem Community Development Corporation reported income of $1.1m and spending of $1.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.1m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Jerusalem Community Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Community Improvement Corporation of Springfield & Clark County Ohio ($1.1m), Asian Pacific American Community Center ($1.1m) and Focus St Louis ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Other salaries and wages came to $425k. At year end it held assets of $305k against liabilities of $40k, net assets of $265k. It reported 14 employees.