Nazarene Community Development Foundation

Analysis

Nazarene Community Development Foundation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Nazarene Community Development Foundation reported income of $1.6m and spending of $1.3m, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $270k to $1.6m (+503%), an average of +43% a year. The sharpest change came in the year to December 2019, when income rose by 283%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nazarene Community Development Foundation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Theology of Work Project Inc ($1.6m), Evantell Inc ($1.6m) and Summit Missions ($1.6m).

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 $65k (5.2% of expenses). Other salaries and wages came to $473k. At year end it held assets of $1.3m against liabilities of -$144k, net assets of $1.5m. It reported 37 employees.