Center for Communication and Development

Analysis

Center for Communication and Development is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1976, 50 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 December 2023, Center for Communication and Development reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.1m to $1.1m (+1.6%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Communication and Development sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Aldersgate Retirement Community Inc ($1.1m), Fame Leaders Inc ($1.1m) and McLennan County Youth Activities Association ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $320k (28% of expenses). Other salaries and wages came to $205k. At year end it held assets of $1.4m against liabilities of $502k, net assets of $931k. It reported 7 employees.