Cleveland County Community Development Corp

Analysis

Cleveland County Community Development Corp is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in August 1994, 32 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, Cleveland County Community Development Corp reported income of $340k and spending of $355k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $340k (+2.6%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cleveland County Community Development Corp 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 64th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Community Advancement and Redevelopment Enterprises Inc ($340k), Lutheran Social Services of Central Ohio Village Housing Inc ($340k) and Live Oak Place LLC ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 7.1% of the total. Other salaries and wages came to $164k. At year end it held assets of $1.1m against liabilities of $165k, net assets of $896k. It reported 5 employees.