Developmental Resource Corporation

Analysis

Developmental Resource Corporation is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 2022, Developmental Resource Corporation reported income of $129k and spending of $133k, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $274k to $129k (-53%), an average of -53% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Developmental Resource Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within LA. Charities of a similar size with the same main cause include Youth for Christ USA ($129k), National Board of Diving and Hyperbaric Medical Technology Inc ($129k) and International Association for the Visual Arts ($129k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 88% of the total. At year end it held assets of $112k against liabilities of $13k, net assets of $99k.