Southwest Tennessee Community Development Corporation

Analysis

Southwest Tennessee Community Development Corporation is a registered charity in United States, based in Henderson, TN. It received its IRS tax-exemption ruling in November 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Southwest Tennessee Community Development Corporation reported income of $329k and spending of $328k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $32k to $329k (+936%), an average of +79% a year. The sharpest change came in the year to June 2020, when income rose by 2579%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Tennessee Community Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($329k), NHS Lending Inc ($329k) and Putney Open Door Fund Inc ($328k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 76% of the total. Other salaries and wages came to $83k. At year end it held assets of $2.3m against liabilities of $24k, net assets of $2.3m. It reported 1 employees.