Frankford Community Development Corporation

Analysis

Frankford Community Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1994, 32 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 December 2023, Frankford Community Development Corporation reported income of $3.2m and spending of $1.3m, leaving 61% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $618k to $3.2m (+419%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frankford Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Our Lady of Providence VT Inc ($3.2m), Rhema Housing Inc ($3.2m) and First a M E Housing Association ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $420k. At year end it held assets of $10.1m against liabilities of $5.5m, net assets of $4.6m. It reported 18 employees.