Codman Square Neighborhood Development Corporation

Analysis

Codman Square Neighborhood Development Corporation is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in May 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 (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, Codman Square Neighborhood Development Corporation reported income of $6.7m and spending of $5.2m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $6.7m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Codman Square Neighborhood Development Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Bi-County Services Inc ($6.7m), Bladens Bloomin Agri-Industrial Inc ($6.8m) and Thunder Valley Community Development Corporation ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $529k (10% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $64.1m against liabilities of $23.8m, net assets of $40.3m. It reported 35 employees.