Druid Heights Community Development Corporation Inc

Analysis

Druid Heights Community Development Corporation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1976, 50 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 June 2023, Druid Heights Community Development Corporation Inc reported income of $1.1m and spending of $865k, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $709k to $1.1m (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Druid Heights Community Development Corporation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Partners in Skills a NJ Nonprofit Corporation ($1.1m), Waverly Community House Inc ($1.1m) and Spencer Community Economic Development Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $75k (8.6% of expenses). Other salaries and wages came to $435k. At year end it held assets of $6.3m against liabilities of $4.2m, net assets of $2.2m. It reported 15 employees.