Community Projects of Havre de Grace Inc

Analysis

Community Projects of Havre de Grace Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in March 1999, 27 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 2023, Community Projects of Havre de Grace Inc reported income of $185k and spending of $94k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $142k to $185k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2023, when income rose by 183%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Projects of Havre de Grace Inc 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 52nd percentile within MD. Charities of a similar size with the same main cause include Fund for the Center for Community Change ($185k), Yorktown Community Development Corporation ($185k) and Stevens County Economic Improvement Commission ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.