Living Cities Inc the National Community Development Initiative

Analysis

Living Cities Inc the National Community Development Initiative is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2002, 24 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 June 2023, Living Cities Inc the National Community Development Initiative reported income of $19.4m and spending of $16.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $19.4m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Living Cities Inc the National Community Development Initiative sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Baby Fold ($19.4m), Franke Tobey Jones ($19.4m) and Inter Tribal Council of Michigan Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $1.1m (6.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $53.2m against liabilities of $23.2m, net assets of $30.0m. It reported 39 employees.