Cincinnati Development Fund Inc

Analysis

Cincinnati Development Fund Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Cincinnati Development Fund Inc reported income of $18.4m and spending of $13.4m, leaving 27% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $6.6m to $18.4m (+180%), an average of +29% a year. The sharpest change came in the year to March 2024, when income rose by 79%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cincinnati Development Fund Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Peoples City Mission ($18.4m), Hamilton Families ($18.5m) and Building Opportunities for Self - Sufficiency ($18.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $1.1m (8.4% of expenses). Other salaries and wages came to $862k. At year end it held assets of $89.3m against liabilities of $54.7m, net assets of $34.6m. It reported 18 employees.