Logan Heights Community Development Corporation

Analysis

Logan Heights Community Development Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1996, 30 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 September 2023, Logan Heights Community Development Corporation reported income of $2.9m and spending of $3.3m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $513k to $2.9m (+475%), an average of +55% a year. The sharpest change came in the year to September 2021, when income rose by 907%. 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, Logan Heights Community Development Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Arrowhead West Endowment Association ($2.9m), Alaska Joint Electrical Apprenticeship and Training Trust ($2.9m) and Upsurge Baltimore Community ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $330k (10% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $6.6m against liabilities of $2.4m, net assets of $4.2m. It reported 60 employees.