Community Development Bankers Association Cdba

Analysis

Community Development Bankers Association Cdba is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Development Bankers Association Cdba reported income of $1.2m and spending of $876k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $772k to $1.2m (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 81% 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 Bankers Association Cdba sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 57th percentile within DC. Charities of a similar size with the same main cause include Black Hills Community Loan Fund Inc ($1.2m), Finishing Trades Institute of MD Va DC and Vicinities ($1.2m) and Civic Leadership Project Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $2.6m against liabilities of $806k, net assets of $1.8m.