New Community Development Corporation

Analysis

New Community Development Corporation is a registered charity in United States, based in Council BLFS, IA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Community Development Corporation reported income of $5.1m and spending of $3.6m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $5.1m (+122%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Community Development Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Providence Place Inc ($5.1m), Grace Tower Inc ($5.1m) and Safety Shelter of St Johns County Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $179k (5.0% of expenses). Other salaries and wages came to $74k. It paid $4,399 in professional fundraising fees. At year end it held assets of $13.1m against liabilities of $4.8m, net assets of $8.3m. It reported 4 employees.