Southbridge Community Development Corporation

Analysis

Southbridge Community Development Corporation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Southbridge Community Development Corporation reported income of $548k and spending of $525k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $408k to $548k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southbridge Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include St Michael Veterans Center Inc ($548k), Southcoast Fair Housing Inc ($548k) and North Hill Apartments Inc ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $481k against liabilities of $60k, net assets of $421k. It reported 2 employees.