True Community Development Corporation

Analysis

True Community Development Corporation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, True Community Development Corporation reported income of $87k and spending of $112k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $238k to $87k (-64%), an average of -22% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 211% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True Community Development Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Operation Santa Claus ($87k), New Generations Foundation Inc ($87k) and Bigbighouse & Co ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $33k (29% of expenses). At year end it held assets of $511k against liabilities of $348k, net assets of $163k. It reported 1 employees.