Florida Community Development Corporation

Analysis

Florida Community Development Corporation is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florida Community Development Corporation reported income of $3.4m and spending of $194k, leaving 94% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 3377%. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Cift ($3.4m), Historic South Initiative ($3.4m) and Union Square Partnership District Management Association Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $138k (71% of expenses). At year end it held assets of $5.7m against liabilities of $19k, net assets of $5.7m. It reported 1 employees.