Carnegie Community Development Corporation

Analysis

Carnegie Community Development Corporation is a registered charity in United States, based in Carnegie, PA. It received its IRS tax-exemption ruling in January 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Carnegie Community Development Corporation reported income of $107k and spending of $97k, spending 91% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $24k to $107k (+348%), an average of +65% a year. The sharpest change came in the year to April 2022, when income rose by 323%. 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, Carnegie Community Development Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Main Street of Menomonie Inc ($107k), Hui International ($107k) and Kennedy King Memorial Initiative ($107k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $51k (53% of expenses). At year end it held assets of $485k against liabilities of $0, net assets of $485k. It reported 1 employees.