Hamilton Community Improvement Corporation

Analysis

Hamilton Community Improvement Corporation is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in September 2014, 12 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, Hamilton Community Improvement Corporation reported income of $862k and spending of $2.1m, spending 240% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $738k to $862k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 1056%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hamilton Community Improvement Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Elevate Northland ($861k), Genunity Inc ($862k) and City Seniors Inc ($861k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 4.6% of the total. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m.