Ferdinand Community Center Corporation

Analysis

Ferdinand Community Center Corporation is a registered charity in United States, based in Ferdinand, IN. It received its IRS tax-exemption ruling in December 1984, 42 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, Ferdinand Community Center Corporation reported income of $291k and spending of $284k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $291k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ferdinand Community Center Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IN. Charities of a similar size with the same main cause include Kindness Cville ($290k), Elmira Downtown Development Inc ($291k) and The San Juan Safe Communities Initiative Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 91% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.1m against liabilities of $25k, net assets of $1.1m. It reported 31 employees.