Central Nodak Development Corporation

Analysis

Central Nodak Development Corporation is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in January 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 June 2024, Central Nodak Development Corporation reported income of $272k and spending of $205k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $258k to $272k (+5.2%), an average of +1.3% a year. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Nodak Development Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ND. Charities of a similar size with the same main cause include Midtown Redevelopment Corporation ($272k), East Falls Development Corporation ($272k) and Emmetsburg Community Developmentcorporation ($272k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 44% of the total. At year end it held assets of $297k against liabilities of $11k, net assets of $286k.