West Bank CDC Inc

Analysis

West Bank CDC Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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, West Bank CDC Inc reported income of $342k and spending of $353k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $342k (-69%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 63%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Bank CDC Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($342k), International Order of the Rainbow Girls ($342k) and Westerville Rowing Club Inc ($342k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $57k (16% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.7m against liabilities of $28k, net assets of $1.6m. It reported 2 employees.