Hcpi Development Fund Inc

Analysis

Hcpi Development Fund Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 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 June 2023, Hcpi Development Fund Inc reported income of $177k and spending of $130k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income fell from $890k to $177k (-80%), an average of -33% a year. The sharpest change came in the year to December 2021, when income rose by 278%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hcpi Development Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Rotary Club of El Paso Foundation Inc ($177k), New Wilmington Edcom ($177k) and Houston Downtown Improvement Inc ($177k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $24k (19% of expenses). At year end it held assets of $4.6m against liabilities of $669k, net assets of $3.9m.