Chapel Vision Community Development Corporation

Analysis

Chapel Vision Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2013, 13 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, Chapel Vision Community Development Corporation reported income of $326k and spending of $343k, spending 105% of its income. Across the 3 years on record, from September 2019 to December 2023, income grew from $111k to $326k (+193%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 241%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chapel Vision Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Rotary Foundation of Washington DC ($326k), Far Away Friends Inc ($326k) and Ujf Holdings Corp ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. Other salaries and wages came to $210k. At year end it held assets of $45k against liabilities of -$135k, net assets of $180k.