Self-Help Community Development Corp

Analysis

Self-Help Community Development Corp is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in December 1996, 30 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Self-Help Community Development Corp reported income of $4.8m and spending of $5.6m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.8m (+90%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 399%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Self-Help Community Development Corp sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Cars for Charity Inc ($4.8m), Union County Economic Development Corp ($4.8m) and Portage Private Industry Council Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. At year end it held assets of $66.3m against liabilities of $62.6m, net assets of $3.7m.

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.