Community Improvement Corporation of Springfield & Clark County Ohio

Analysis

Community Improvement Corporation of Springfield & Clark County Ohio is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in February 2010, 16 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Improvement Corporation of Springfield & Clark County Ohio reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.1m (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Improvement Corporation of Springfield & Clark County Ohio sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Focus St Louis ($1.1m), New Jerusalem Community Development Corporation ($1.1m) and Friends Of@bay Beach Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. At year end it held assets of $7.5m against liabilities of $762k, net assets of $6.7m.

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.