Revitalize Community Development Corporation

Analysis

Revitalize Community Development Corporation is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Revitalize Community Development Corporation reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $620k to $2.8m (+349%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Revitalize Community Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Britepaths Inc ($2.8m), Habitat for Humanity Greater Salt Lake Area ($2.8m) and Armenian Evangelical Union of North America ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $224k (8.4% of expenses). Other salaries and wages came to $702k. At year end it held assets of $2.8m against liabilities of $575k, net assets of $2.2m. It reported 22 employees.