Claymont Renaissance Development Corporation Inc

Analysis

Claymont Renaissance Development Corporation Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in July 2014, 12 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, Claymont Renaissance Development Corporation Inc reported income of $120k and spending of $115k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $120k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Claymont Renaissance Development Corporation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 37th percentile within DE. Charities of a similar size with the same main cause include Spouses Club of Lewis McChord ($120k), Cape Verdean Recognition Committee Inc ($120k) and City Repair Project ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 22% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.