Westside Community Development Corporation Inc

Analysis

Westside Community Development Corporation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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, Westside Community Development Corporation Inc reported income of $1.8m and spending of $719k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $894k to $1.8m (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Westside Community Development Corporation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Fogerty Arena the Ice House ($1.8m), Cagc Foundation Inc ($1.8m) and Tri-County Community Action Agency ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $90k (13% of expenses). Other salaries and wages came to $16k. At year end it held assets of $6.2m against liabilities of $1.0m, net assets of $5.2m. It reported 2 employees.