Coalition of Community Development Financial Institutions Inc

Analysis

Coalition of Community Development Financial Institutions Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2002, 24 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, Coalition of Community Development Financial Institutions Inc reported income of $580k and spending of $455k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $580k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coalition of Community Development Financial Institutions Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Blake Annex Inc ($580k), Southwest Collective ($580k) and Southeast Keller Corporation ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $417k against liabilities of $0, net assets of $417k.