Climb Community Development Corporation

Analysis

Climb Community Development Corporation is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Climb Community Development Corporation reported income of $1.5m and spending of $1.7m, spending 114% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $1.5m to $1.5m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to December 2019, when income dropped by 44%. Over the whole period it spent 115% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Climb Community Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within MS. Charities of a similar size with the same main cause include Sims-Fayola Foundation Inc ($1.5m), Boys & Girls Club of Kingston Inc ($1.5m) and Big Brothers Big Sisters of Central Mass Metrowest Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $132k (7.8% of expenses). Other salaries and wages came to $666k. At year end it held assets of $64k against liabilities of $434k, net assets of -$370k. It reported 59 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.