Community Improvement Corporation

Analysis

Community Improvement Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending December 2023, Community Improvement Corporation reported income of $2.3m and spending of $1.1m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $525k to $2.3m (+337%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 372%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Improvement Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include The Buddy Program Inc ($2.3m), Alpha Omega Alpha Honor Medical Society ($2.3m) and Dawson Place Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 7.8% of the total. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $98k.