Camino Community Development Corporation Inc

Analysis

Camino Community Development Corporation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Camino Community Development Corporation Inc reported income of $8.2m and spending of $6.4m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $851k to $8.2m (+858%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Camino Community Development Corporation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Community Foundation of Northwest Mississippi Inc ($8.1m), United Way of Bucks County ($8.2m) and Thunderbirds Charities ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $125k (1.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.3m against liabilities of $2.0m, net assets of $3.3m. It reported 71 employees.