Central Baptist Community Development Corporation

Analysis

Central Baptist Community Development Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 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 June 2023, Central Baptist Community Development Corporation reported income of $868k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $868k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Baptist Community Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 73rd percentile within DE. Charities of a similar size with the same main cause include Franklinton Development Association ($868k), Community First ($868k) and Goodie Nation Inc ($868k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $87k (7.9% of expenses). Other salaries and wages came to $442k. At year end it held assets of $2.0m against liabilities of $630k, net assets of $1.4m. It reported 52 employees.