Cdi Development Fund Inc

Analysis

Cdi Development Fund Inc is a registered charity in United States, based in Maynard, MA. It received its IRS tax-exemption ruling in January 2014, 12 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, Cdi Development Fund Inc reported income of $2.1m and spending of $1.5m, leaving 29% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $1.2m to $2.1m (+68%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cdi Development Fund Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Jfflabs Inc ($2.1m), West Angeles Community Development Corporation ($2.1m) and Promise Neighborhoods of Lehigh Valley ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $19.2m against liabilities of $17.3m, net assets of $2.0m.