Community Development Corproation of Leesburg and Vicinity Inc

Analysis

Community Development Corproation of Leesburg and Vicinity Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in June 1998, 28 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, Community Development Corproation of Leesburg and Vicinity Inc reported income of $676k and spending of $502k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $676k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Corproation of Leesburg and Vicinity Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Geauga Growth Partnership Inc ($676k), Belong Bakery ($676k) and Bean Path ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $92k (18% of expenses). Other salaries and wages came to $37k. At year end it held assets of $3.2m against liabilities of $328k, net assets of $2.9m. It reported 2 employees.