466 Works Community Development Corporation Inc

Analysis

466 Works Community Development Corporation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in November 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, 466 Works Community Development Corporation Inc reported income of $547k and spending of $556k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $547k (+159%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 329%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 466 Works Community Development Corporation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Birmingham Construction Industry Authority Inc ($547k), Diamond Council of America ($547k) and East Erie County Emergency Medical Services Corporation ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. At year end it held assets of $996k against liabilities of $705k, net assets of $291k.