Community First Capital Corp

Analysis

Community First Capital Corp is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in June 2005, 21 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community First Capital Corp reported income of $701k and spending of $913k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $815k to $701k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community First Capital Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Justice at Work ($701k), Cdfa Foundation ($701k) and Lewis County Development Corp ($701k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.5m against liabilities of $8.3m, net assets of $200k.