Cani S Center for Community & Economic Development

Analysis

Cani S Center for Community & Economic Development is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Cani S Center for Community & Economic Development reported income of $720k and spending of $816k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $99k to $720k (+629%), an average of +64% a year. The sharpest change came in the year to October 2021, when income rose by 312%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cani S Center for Community & Economic Development sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include West Jackson Community Development ($719k), City with Dwellings Community First Initiative ($720k) and Wilton Housing Development Fund Corporation ($719k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 82% and program service revenue 5.5% of the total. At year end it held assets of $1.6m against liabilities of $799k, net assets of $827k.