Kingsbridge Riverdale Van Cortland Development Corporation

Analysis

Kingsbridge Riverdale Van Cortland Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 1982, 44 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 (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, Kingsbridge Riverdale Van Cortland Development Corporation reported income of $385k and spending of $318k, spending 83% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $330k to $385k (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kingsbridge Riverdale Van Cortland Development Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Rockdale Coalition for Children & Families Inc ($385k), West End Community Empowerment Project of Lexington Inc ($385k) and Tricounty Community Network Inc ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (13% of expenses). Other salaries and wages came to $73k. At year end it held assets of $75k against liabilities of $2,500, net assets of $72k. It reported 5 employees.