RDC Commercial Center Inc

Analysis

RDC Commercial Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, RDC Commercial Center Inc reported income of $4.5m and spending of $5.6m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.5m (+17%), an average of +4.0% a year. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, RDC Commercial Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Prea Foundation Inc ($4.5m), Region 10 League for Economic Assistance & Planning Inc ($4.5m) and Rock River Valley Self-Help Enterprises ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $657k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.6m against liabilities of $28.1m, net assets of -$13.5m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.