Region V Community Development Corporation

Analysis

Region V Community Development Corporation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in February 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, Region V Community Development Corporation reported income of $664k and spending of $511k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $664k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Region V Community Development Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within ND. Charities of a similar size with the same main cause include Pci Foundation ($663k), Youngstown Warren Regional Chamber of Commerce Foundation ($664k) and Huntington County United Economic Development Corporation ($663k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. Other salaries and wages came to $18k. At year end it held assets of $8.4m against liabilities of $4.9m, net assets of $3.5m.