Tower Grove Community Development Corporation

Analysis

Tower Grove Community Development Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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, Tower Grove Community Development Corporation reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 123%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tower Grove Community Development Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Friedrich Ebert Stiftung Inc ($1.3m), Camp Fire ($1.3m) and David Minkin Residence Housing Development Fund Company Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $87k (7.2% of expenses). Other salaries and wages came to $277k. At year end it held assets of $8.1m against liabilities of $4.0m, net assets of $4.1m. It reported 6 employees.