Community Development & Improvement Corporation

Analysis

Community Development & Improvement Corporation is a registered charity in United States, based in Graniteville, SC. It received its IRS tax-exemption ruling in May 1998, 28 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 September 2023, Community Development & Improvement Corporation reported income of $2.4m and spending of $1.2m, leaving 51% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.3m to $2.4m (+3.1%), an average of +1.0% a year. The sharpest change came in the year to September 2023, when income rose by 86%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Development & Improvement Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Asian-American Housing Development Fund Company Inc ($2.4m), Casa de LA Raza Inc ($2.4m) and Purchase Senior Learning Community Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $33k (2.8% of expenses). Other salaries and wages came to $45k. At year end it held assets of $8.4m against liabilities of $8.7m, net assets of -$265k. It reported 21 employees.