Community Development Ventures Inc

Analysis

Community Development Ventures Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2023, 3 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 (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 2020, Community Development Ventures Inc reported income of $122k and spending of $46k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2019 to December 2020, income grew from $15k to $122k (+694%), an average of +694% a year. The sharpest change came in the year to December 2020, when income rose by 694%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Ventures Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Destination Downtown Edenton Inc ($122k), Main Street Mount Holly Inc ($122k) and Community Uplifting Alliance Project ($122k).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 100% of the total. At year end it held assets of $565k against liabilities of $192k, net assets of $373k.