Harry S Truman Community Development Corporation

Analysis

Harry S Truman Community Development Corporation is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Harry S Truman Community Development Corporation reported income of $355k and spending of $648k, spending 183% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $337k to $355k (+5.3%), an average of +1.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harry S Truman Community Development Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within MO. Charities of a similar size with the same main cause include Premier Community Development Corporation ($354k), Christian Village of Eastern Virginia Inc ($355k) and Silverwood Casitas Inc ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $74k (11% of expenses). Other salaries and wages came to $76k. At year end it held assets of $5.2m against liabilities of $7.3m, net assets of -$2.0m. It reported 3 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.