Barberton Community Development Corporation

Analysis

Barberton Community Development Corporation is a registered charity in United States, based in Barberton, OH. It received its IRS tax-exemption ruling in April 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Barberton Community Development Corporation reported income of $1.6m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $450k to $1.6m (+259%), an average of +38% a year. The sharpest change came in the year to June 2020, when income rose by 111%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Barberton Community Development Corporation 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 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Downtown Dayton Special Improvement District Inc ($1.6m), Providence International Enterprises ($1.6m) and LCMRC Holdings ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $116k (11% of expenses). Other salaries and wages came to $63k. At year end it held assets of $10.1m against liabilities of $4.5m, net assets of $5.6m. It reported 2 employees.