Certified Development Corporation of South Carolina

Analysis

Certified Development Corporation of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Certified Development Corporation of South Carolina reported income of $460k and spending of $366k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $460k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Certified Development Corporation of South Carolina sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include World Trade Center Association Los Angeles-Long Beach ($460k), Pennsylvania State Association of County Fairs ($460k) and McDevco Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.0m.