Biloxi Community Development Corp

Analysis

Biloxi Community Development Corp is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in May 1999, 27 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 (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, Biloxi Community Development Corp reported income of $2.2m and spending of $3.3m, spending 151% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+14%), an average of +3.2% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Biloxi Community Development Corp sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Rebuilding Together Dayton Inc ($2.2m), Florida Non-Profit Housing Inc ($2.2m) and Habitat for Humanity International Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 107% of the total. Other salaries and wages came to $563k. At year end it held assets of $24.5m against liabilities of $10.5m, net assets of $14.1m. It reported 3 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.