Community Developers of Granite Quarry Inc

Analysis

Community Developers of Granite Quarry Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1982, 44 years ago. 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, Community Developers of Granite Quarry Inc reported income of $280k and spending of $248k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $280k (+8.1%), an average of +2.0% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Developers of Granite Quarry Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Chagrin Valley Recreation Cen ($280k), Friends of the Hillsboro Public Library ($280k) and Macon Housing Development Corporation ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $1.0m against liabilities of $947k, net assets of $68k.