Roaring Fork Community Development Corporation

Analysis

Roaring Fork Community Development Corporation is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in October 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Roaring Fork Community Development Corporation reported income of $563k and spending of $288k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $6 to $563k (+9386133%), an average of +4445% a year. The sharpest change came in the year to December 2022, when income rose by 65761%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Roaring Fork Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Beta Group ($563k), Essex County Community Organization ($563k) and Urban Empowerment Fund ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 0.9% of the total. Other salaries and wages came to $61k. At year end it held assets of $2.6m against liabilities of $2.2m, net assets of $442k. It reported 1 employees.