University District Community Development Association Inc

Analysis

University District Community Development Association Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 1977, 49 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, University District Community Development Association Inc reported income of $1.9m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University District Community Development Association Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Gwi Services Inc ($1.9m), Networks for Training and Development ($1.9m) and Urban Manufacturing Alliance ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $74k (3.8% of expenses). Other salaries and wages came to $467k. At year end it held assets of $848k against liabilities of $1.3m, net assets of -$477k. It reported 39 employees.