Carondelet Community Betterment Federation Inc

Analysis

Carondelet Community Betterment Federation Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in October 1978, 48 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, Carondelet Community Betterment Federation Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $647k to $1.2m (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carondelet Community Betterment Federation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Avery Association for Exceptional Citizens Inc ($1.2m), Tri-County Economic Development Charitable Corporation ($1.2m) and Grow Grand Island ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $93k (8.6% of expenses). Other salaries and wages came to $183k. At year end it held assets of $1.2m against liabilities of $17k, net assets of $1.2m. It reported 6 employees.