Frameworks Community Development Corporation Inc

Analysis

Frameworks Community Development Corporation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2005, 21 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, Frameworks Community Development Corporation Inc reported income of $322k and spending of $538k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $613k to $322k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Frameworks Community Development Corporation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Fort Recovery Ambassador Club Inc ($321k), Citizens for Safe Yakima Valley Communities ($322k) and Coai Inc ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $136k (25% of expenses). Other salaries and wages came to $57k. At year end it held assets of $2.1m against liabilities of $2.2m, net assets of -$92k. It reported 2 employees.