The Community Development Venture Capital Alliance

Analysis

The Community Development Venture Capital Alliance is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in September 1995, 31 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, The Community Development Venture Capital Alliance reported income of $6.0m and spending of $2.1m, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $6.0m (+155%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Community Development Venture Capital Alliance sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Norfolk State University Research and Innovation Foundation ($6.0m), Houston Business Development Inc ($6.1m) and Association for Community Organization and Resource Developm ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $593k (28% of expenses). Other salaries and wages came to $689k. At year end it held assets of $18.3m against liabilities of $1.7m, net assets of $16.6m. It reported 10 employees.