Wyandanch Community Development Corporation

Analysis

Wyandanch Community Development Corporation is a registered charity in United States, based in Wyandanch, NY. It received its IRS tax-exemption ruling in December 1986, 40 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 June 2023, Wyandanch Community Development Corporation reported income of $697k and spending of $647k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $569k to $697k (+22%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wyandanch Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include East Central Career Programs Inc ($696k), East Tennessee Community Design Center Inc ($697k) and Owyhee Watershed Council ($696k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $170k (26% of expenses). Other salaries and wages came to $141k. At year end it held assets of $1.4m against liabilities of $1.2m, net assets of $227k. It reported 4 employees.