Gwinner Community Development Corporation

Analysis

Gwinner Community Development Corporation is a registered charity in United States, based in Gwinner, ND. It received its IRS tax-exemption ruling in December 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gwinner Community Development Corporation reported income of $82k and spending of $72k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $167k to $82k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gwinner Community Development Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 23rd percentile within ND. Charities of a similar size with the same main cause include Laborers Joint Apprenticeship Andtraining Trust of Wyoming ($82k), Biostrategy Partners Inc ($82k) and Silverton Downtown Association Inc ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 85% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.