St Croix Foundation for Community Development Inc

Analysis

St Croix Foundation for Community Development Inc is a registered charity in United States, based in Christiansted, VI. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, St Croix Foundation for Community Development Inc reported income of $2.7m and spending of $2.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.7m (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Croix Foundation for Community Development Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within VI. Charities of a similar size with the same main cause include Delta College Foundation ($2.7m), Latino Community Fund Inc ($2.7m) and Flintridge Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Other salaries and wages came to $352k. At year end it held assets of $3.3m against liabilities of $684k, net assets of $2.7m. It reported 7 employees.