O D a Community Development Corp

Analysis

O D a Community Development Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, O D a Community Development Corp reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, O D a Community Development Corp sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Montana State University-Northern Foundation ($3.1m), Young Mens Christian Association of Hattiesburg Mississippi ($3.1m) and Sacred Heart Community Corporation ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $210k (6.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.6m against liabilities of $1.0m, net assets of $593k. It reported 36 employees.