Udi-Community Development Corporation

Analysis

Udi-Community Development Corporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1974, 52 years ago. 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 2022, Udi-Community Development Corporation reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $1.1m (+12%), an average of +3.8% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Udi-Community Development Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include Total Futbol Academy ($1.1m), My Brothers Keeper Community Services ($1.1m) and Young Womens Christian Association of the Harbor Area ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $140k. At year end it held assets of $9.3m against liabilities of $2.2m, net assets of $7.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.