Community Development Inc

Analysis

Community Development Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Development Inc reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $2.0m (+185%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Green Mountain Community Networkinc ($2.0m), Asian Business Institute and Resource Center ($2.0m) and Rbca Community Development Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $260k, net assets of $1.4m.