Second District Community Development Corporation

Analysis

Second District Community Development Corporation is a registered charity in United States, based in Forestville, MD. It received its IRS tax-exemption ruling in June 2018, 8 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 2021, Second District Community Development Corporation reported income of $467k and spending of $642k, spending 138% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.4m to $467k (-67%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 65%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Second District Community Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Southeast Utah Community Development Corporation ($466k), Family First Center of Lake County ($467k) and Arts Rochester Inc ($466k).

At year end it held assets of $3.2m against liabilities of $2.2m, net assets of $1.0m.