Randolph Area Community Development Corporation

Analysis

Randolph Area Community Development Corporation is a registered charity in United States, based in Randolph, VT. It received its IRS tax-exemption ruling in May 1994, 32 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 June 2023, Randolph Area Community Development Corporation reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-21%), an average of -5.6% a year. The sharpest change came in the year to June 2022, when income rose by 257%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Randolph Area Community Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include Lincoln Park Coast Cultural District Inc ($1.1m), 360 Detroit ($1.1m) and Ngage New Mexico ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $86k (8.1% of expenses). Other salaries and wages came to $324k. At year end it held assets of $7.1m against liabilities of $808k, net assets of $6.3m. It reported 21 employees.