Greater Dwight Community Investment Corporation

Analysis

Greater Dwight Community Investment Corporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Greater Dwight Community Investment Corporation reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.1m to $1.8m (-13%), an average of -3.4% a year. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Dwight Community Investment Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Ocean Bay Community Developement Corporation ($1.8m), Urban Renewal Corp ($1.8m) and New Growth Innovation Network ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $10.5m against liabilities of $7.6m, net assets of $2.9m.