Community Development Finance Alliance

Analysis

Community Development Finance Alliance is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Community Development Finance Alliance reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.9m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Development Finance Alliance sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within UT. Charities of a similar size with the same main cause include Summit Academy Transition High School Dayton ($1.9m), Scranton Hebrew Day School ($1.9m) and Iovine and Young Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 30% of the total. Other salaries and wages came to $422k. At year end it held assets of $48.7m against liabilities of $46.9m, net assets of $1.8m.