Community Preservation and Development Corporation

Analysis

Community Preservation and Development Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in March 1990, 36 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, Community Preservation and Development Corporation reported income of $2.1m and spending of $1.4m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $2.1m (-62%), an average of -22% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Preservation and Development Corporation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Shreveport-Bossier Rescue Mission ($2.1m), St Jude House Inc ($2.1m) and Eden Development Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 32% of the total. At year end it held assets of $81.1m against liabilities of $5.0m, net assets of $76.1m.