Central City Development Corporation

Analysis

Central City Development Corporation is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in January 1999, 27 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 September 2023, Central City Development Corporation reported income of $118k and spending of $122k, spending 103% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $84k to $118k (+41%), an average of +41% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 124% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Central City Development Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Foundation for Youth Inc ($118k), Imaginenations Group Inc ($118k) and Rockend Inc ($118k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.