Nuestra Comunidad Development Corp

Analysis

Nuestra Comunidad Development Corp is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in July 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nuestra Comunidad Development Corp reported income of $4.5m and spending of $6.7m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $4.5m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 137% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nuestra Comunidad Development Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Metro Community Development Inc ($4.5m), Southwestern West Virginia Region 2 Workforce Development Board Incorp ($4.5m) and New York Yacht Club Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $182k (2.7% of expenses). Other salaries and wages came to $632k. At year end it held assets of $35.2m against liabilities of $25.6m, net assets of $9.6m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.