Ujamaa Community Development Corporation

Analysis

Ujamaa Community Development Corporation is a registered charity in United States, based in Mount Vernon, NY. It received its IRS tax-exemption ruling in October 1997, 29 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, Ujamaa Community Development Corporation reported income of $100k and spending of $104k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $379k to $100k (-74%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ujamaa Community Development Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($100k), Morning Star Community Development Corporation Inc ($100k) and Indian Orchard Citizens Council Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $92k against liabilities of $156k, net assets of -$64k. It reported 12 employees.