FCBC Community Development Corporation

Analysis

FCBC Community Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, FCBC Community Development Corporation reported income of $693k and spending of $704k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $693k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 86%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, FCBC Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Center - Philadelphia ($693k), Presidents Council Foundation Inc ($693k) and Toledo Area Iron Workers Joint Apprenticeship Committee ($693k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. At year end it held assets of $117k against liabilities of $4,020, net assets of $113k.