NCRC Community Development Fund Inc

Analysis

NCRC Community Development Fund Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 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 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, NCRC Community Development Fund Inc reported income of $164.7m and spending of $164.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $164.7m (+29825%), an average of +316% a year. The sharpest change came in the year to December 2023, when income rose by 11290%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NCRC Community Development Fund Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include Metropolitan Entertainment & ($164.6m), Goodwill of Colorado ($173.5m) and Food Bank for New York City ($164.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $67.3m against liabilities of $45.0m, net assets of $22.3m.