Souderton-Telford Community Development Corporation

Analysis

Souderton-Telford Community Development Corporation is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in April 2010, 16 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, Souderton-Telford Community Development Corporation reported income of $146k and spending of $113k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $146k (+8.3%), an average of +8.3% a year. 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, Souderton-Telford Community Development Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Pennpac Inc ($145k), Givv Hub ($146k) and All Nations ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 34% of the total. At year end it held assets of $67k against liabilities of $3,281, net assets of $64k.