Community Investment Corporation of Decatur Inc

Analysis

Community Investment Corporation of Decatur Inc is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in July 1992, 34 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 April 2024, Community Investment Corporation of Decatur Inc reported income of $257k and spending of $407k, spending 158% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $234k to $257k (+10.0%), an average of +2.4% a year. The sharpest change came in the year to April 2021, when income rose by 44%. Over the whole period it spent 139% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Investment Corporation of Decatur Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Bay Area Community Law Foundation ($257k), Mansfield Cares Inc ($257k) and Roofing Industry Joint Apprentice & Training Committee for Ny Et Al ($257k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 26% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). Other salaries and wages came to $111k. At year end it held assets of $3.3m against liabilities of $274k, net assets of $3.0m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.