Taylor Community Development Corp

Analysis

Taylor Community Development Corp is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Taylor Community Development Corp reported income of $16.7m and spending of $17.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.4m to $16.7m (+25%), an average of +5.8% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Taylor Community Development Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Island Rehabilitation and Nursing Center Inc ($16.7m), Eastern Carolina Homelessness Organization Inc ($16.8m) and HNHF Realty Collaborative ($16.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 88% of the total. At year end it held assets of $27.8m against liabilities of $24.3m, net assets of $3.5m.