Bethesda Community Development Corporation

Analysis

Bethesda Community Development Corporation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2005, 21 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 December 2023, Bethesda Community Development Corporation reported income of $101k and spending of $114k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $101k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 399%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bethesda Community Development Corporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Abilitylinks ($101k), Junior League of Colorado Springs ($101k) and Kingdom Life Ministries Community Development Corporation ($101k).

At year end it held assets of $1.0m against liabilities of $510k, net assets of $534k.