Reid Community Development Corporation

Analysis

Reid Community Development Corporation is a registered charity in United States, based in Glenn Dale, MD. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2022, Reid Community Development Corporation reported income of $269k and spending of $176k, leaving 34% of income unspent that year. Across the 3 years on record, from September 2020 to September 2022, income grew from $124k to $269k (+116%), an average of +47% a year. The sharpest change came in the year to September 2022, when income rose by 47%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reid Community Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Harvest Family Life Ministries Hawaii ($269k), Creekside Housing Corporation ($269k) and Saint Lucys Auxiliary to the Blind ($269k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $70k (40% of expenses). At year end it held assets of $815k against liabilities of $4,138, net assets of $811k. It reported 2 employees.