Warsaw Community Development Corporation

Analysis

Warsaw Community Development Corporation is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in July 1980, 46 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 December 2023, Warsaw Community Development Corporation reported income of $155k and spending of $82k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $107k to $155k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Warsaw Community Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include Missoula Referee Association Inc ($155k), Build Springs Inc ($155k) and Center for Business Excellence Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 28% of the total. At year end it held assets of $265k against liabilities of $27k, net assets of $238k.