Core Development Inc

Analysis

Core Development Inc is a registered charity in United States, based in Plainview, NE. It received its IRS tax-exemption ruling in April 1996, 30 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, Core Development Inc reported income of $85k and spending of $197k, spending 232% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $85k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 150% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Core Development Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 30th percentile within NE. Charities of a similar size with the same main cause include Mission Data International ($85k), Arts & Democracy Inc ($85k) and Community Alliance of Spring Garden -East Deutschtown ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.