Kokomo Community Development Corporation

Analysis

Kokomo Community Development Corporation is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in August 2015, 11 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, Kokomo Community Development Corporation reported income of $1.6m and spending of $982k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.6m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Kokomo Community Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Action Greensboro ($1.6m), Plumbers-No 8 Educational Training Program Fund ($1.6m) and Dream Big Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 0.4% of the total. At year end it held assets of $16.6m against liabilities of $5.8m, net assets of $10.8m.