Ccdec One Inc

Analysis

Ccdec One Inc is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in May 2023, 3 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, Ccdec One Inc reported income of $100k and spending of $168k, spending 168% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $290k to $100k (-66%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 683%. Over the whole period it spent -34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ccdec One Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Gordies Foundation Inc ($100k), Triumph Community Development Corporation ($100k) and Morning Star Community Development Corporation Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.2m against liabilities of $0, net assets of $7.2m.