Broward County Community Development Corporation Inc

Analysis

Broward County Community Development Corporation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2024, Broward County Community Development Corporation Inc reported income of $4.5m and spending of $4.3m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.5m to $4.5m (+28%), an average of +5.0% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Broward County Community Development Corporation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Honorable Order of Kentucky Colonels Inc ($4.5m), Workforce Development Board of Herkimer Madison and Oneida Counti ($4.5m) and Rotary Club of Eagle Grove Home Inc ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $9.8m against liabilities of $4.3m, net assets of $5.4m. It reported 21 employees.