Highbridge Community Development Corporation

Analysis

Highbridge Community Development Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1996, 30 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 December 2023, Highbridge Community Development Corporation reported income of $3.1m and spending of $2.5m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.5m to $3.1m (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 64%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Highbridge Community Development Corporation 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 Rural Missouri Incorporated ($3.1m), Wisconsin Laborers Apprenticeship and Training Fund ($3.1m) and Coastal Connections Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $387k (16% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $15.2m against liabilities of $993k, net assets of $14.2m. It reported 59 employees.