Collaborative Development Corporation

Analysis

Collaborative Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Collaborative Development Corporation reported income of $59k and spending of $18k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $204k to $59k (-71%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 1031%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Collaborative Development Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include George Galen Wheeler House Inc ($59k), Block Island Economic Development Foundation Inc ($59k) and LCPL Janos V Lutz Live to Tell Foundation Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7.5m against liabilities of $7.5m, net assets of $8,480.