NCS Community Development Corp

Analysis

NCS Community Development Corp is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, NCS Community Development Corp reported income of $337k and spending of $400k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $726k to $337k (-54%), an average of -23% a year. The sharpest change came in the year to June 2022, when income dropped by 50%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NCS Community Development Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include East End Maker Hub Qalicb Inc ($337k), Dekalb County Economic Development Partnership Inc ($337k) and Kings Highway District Management Association Inc ($337k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $56k (14% of expenses). Other salaries and wages came to $69k. At year end it held assets of $321k against liabilities of $121k, net assets of $200k. It reported 3 employees.