Fund for the Center for Community Change

Analysis

Fund for the Center for Community Change is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1986, 40 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Fund for the Center for Community Change reported income of $185k and spending of $82k, leaving 55% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $497k to $185k (-63%), an average of -22% a year. The sharpest change came in the year to September 2023, when income dropped by 82%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fund for the Center for Community Change sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 28th percentile within DC. Charities of a similar size with the same main cause include Stevens County Economic Improvement Commission ($185k), Community Projects of Havre de Grace Inc ($185k) and Main Street Fremont Inc ($185k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $13.8m against liabilities of $0, net assets of $13.8m.