Central Community Development Corporation

Analysis

Central Community Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2016, 10 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, Central Community Development Corporation reported income of $633k and spending of $286k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $226k to $633k (+180%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 294%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central 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 47th percentile within DC. Charities of a similar size with the same main cause include The Development Corporation of Knox County Tennessee ($633k), 4th-Dimension Leaders Inc ($634k) and New Mexico Community Health Worker Association ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $60k (21% of expenses). Other salaries and wages came to $40k. At year end it held assets of $928k against liabilities of $136k, net assets of $792k. It reported 2 employees.