Temple Community Development Corp

Analysis

Temple Community Development Corp is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Temple Community Development Corp reported income of $906k and spending of $920k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $526k to $906k (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Temple Community Development Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Agape Cares Inc ($905k), Shalom Foundation ($906k) and Spring Lake Toys Foundation Inc ($905k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $97k (11% of expenses). Other salaries and wages came to $499k. At year end it held assets of $574k against liabilities of $409k, net assets of $165k. It reported 25 employees.