Cape & Islands Community Development Inc

Analysis

Cape & Islands Community Development Inc is a registered charity in United States, based in Centerville, MA. It received its IRS tax-exemption ruling in May 1996, 30 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 2024, Cape & Islands Community Development Inc reported income of $1.5m and spending of $1.1m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $996k to $1.5m (+52%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 250%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cape & Islands Community Development Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Downtown Schenectady Improvement Corp ($1.5m), Austin Revitalization Authority ($1.5m) and Clean Memphis Organization ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 64% of the total. Other salaries and wages came to $672k. At year end it held assets of $12.4m against liabilities of $4.7m, net assets of $7.7m. It reported 5 employees.