Ida Community Development Corp Inc

Analysis

Ida Community Development Corp Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in October 1995, 31 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, Ida Community Development Corp Inc reported income of $59k and spending of $3,854, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $59k (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 740100%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ida Community Development Corp Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Fairhaven Homes Inc ($59k), Berks Housing Opportunities Inc ($59k) and Urban Link Avodah ($59k).

At year end it held assets of $168k against liabilities of $48k, net assets of $120k.