Community Development Foundation

Analysis

Community Development Foundation is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Community Development Foundation reported income of $199k and spending of $126k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $92k to $199k (+116%), an average of +116% a year. The sharpest change came in the year to June 2024, when income rose by 116%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Development Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Forum86 ($199k), Rockland Youth Dance Ensemble ($199k) and Kaleidoscope Dance Theatre Inc ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. At year end it held assets of $2.7m against liabilities of $2.5m, net assets of $213k.