New Haven Development Center Inc

Analysis

New Haven Development Center Inc is a registered charity in United States, based in Miami Gardens, FL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover employment, 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, New Haven Development Center Inc reported income of $735k and spending of $819k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $735k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Haven Development Center Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Community Service Council of Northern Will County ($735k), Meals on Wheels of Lamoille County Inc ($735k) and Northend Properties Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12k (1.5% of expenses). Other salaries and wages came to $209k. At year end it held assets of $11k against liabilities of $508k, net assets of -$497k. It reported 3 employees.