Barron Heights Community Development Corporation

Analysis

Barron Heights Community Development Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Barron Heights Community Development Corporation reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $950k to $1.2m (+31%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Barron Heights Community Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within TN. Charities of a similar size with the same main cause include Illinois Community for Displaced Immigrants ($1.2m), Florida Pba Heart Fund Inc ($1.2m) and One Heart for Women and Children Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $393k. At year end it held assets of $1.4m against liabilities of $44k, net assets of $1.4m. It reported 10 employees.