Frederick Douglas Community Development Corp

Analysis

Frederick Douglas Community Development Corp is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1995, 31 years ago. 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, Frederick Douglas Community Development Corp reported income of $173k and spending of $217k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $173k (+8.2%), an average of +2.0% a year. Over the whole period it spent 131% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick Douglas Community Development Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Hamilton-Wenham Little League Inc ($173k), High Hopes Foundation of New Hampshire Inc ($173k) and Herko Family Mission Fund Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $38k. At year end it held assets of $1.3m against liabilities of $2.2m, net assets of -$914k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.