Innercity Collaborative Community Development Corporation

Analysis

Innercity Collaborative Community Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Innercity Collaborative Community Development Corporation reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $593k to $1.2m (+105%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Innercity Collaborative Community Development Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Help Agency of the Forest Inc ($1.2m), Union Square Foundation ($1.2m) and Lakeridge Village Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $279k against liabilities of $1,530, net assets of $277k.