Sitka Community Development Corporation

Analysis

Sitka Community Development Corporation is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Sitka Community Development Corporation reported income of $205k and spending of $110k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $205k (+99%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 366%. Over the whole period it spent 42% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sitka Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 49th percentile within AK. Charities of a similar size with the same main cause include Murfreesboro Rescue Mission Inc ($205k), Goshen Housing Trust Inc ($205k) and Peoria Housing Authority Development Corporation NFP ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 124% and program service revenue 2.7% of the total. Other salaries and wages came to $59k. At year end it held assets of $1.3m against liabilities of $129k, net assets of $1.2m. It reported 3 employees.