Spottswood Community Development Corporation

Analysis

Spottswood Community Development Corporation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in January 2012, 14 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 December 2020, Spottswood Community Development Corporation reported income of $286k and spending of $215k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $236k to $286k (+21%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spottswood Community Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within LA. Charities of a similar size with the same main cause include FCP Services Incorporated ($286k), New Mexico Childrens Foundation ($286k) and North County Food Bank ($286k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $160k. It paid $1,563 in professional fundraising fees. At year end it held assets of $258k against liabilities of $143k, net assets of $114k. It reported 3 employees.