Community Service Building Corporation

Analysis

Community Service Building Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1995, 31 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, Community Service Building Corporation reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.6m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 115% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Service Building Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within DE. Charities of a similar size with the same main cause include The Center for Community Solutions ($2.6m), Baltimore Public Markets Corporation ($2.6m) and 698 South Main Street Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $213k (8.6% of expenses). Other salaries and wages came to $123k. At year end it held assets of $27.8m against liabilities of $184k, net assets of $27.6m. It reported 3 employees.