Be Ready Community Development Corporation

Analysis

Be Ready Community Development Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Be Ready Community Development Corporation reported income of $1.0m and spending of $797k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $736k to $1.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 339%. Over the whole period it spent 35% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Be Ready Community Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include 4-H Clubs & Affiliated 4-H Organizations ($1.0m), Yeti Baseball Club Inc ($1.0m) and Virginia Elite Volleyball Club Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $25k (3.2% of expenses). At year end it held assets of $5.1m against liabilities of $2.4m, net assets of $2.7m.