Frederick Douglas Community Development Corp

Analysis

Frederick Douglas Community Development Corp is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in June 1995, 31 years ago. 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, Frederick Douglas Community Development Corp reported income of $536k and spending of $654k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $529k to $536k (+1.3%), an average of +0.3% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Frederick Douglas Community Development Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Sanabil Foundation ($536k), Circle School ($536k) and Sunset Elderly Housing Corporation ($536k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $117k (18% of expenses). Other salaries and wages came to $65k. At year end it held assets of $1.7m against liabilities of $3.7m, net assets of -$2.0m. It reported 6 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.