Altavista Community Development Committee Corp

Analysis

Altavista Community Development Committee Corp is a registered charity in United States, based in Altavista, VA. It received its IRS tax-exemption ruling in August 2007, 19 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 2023, Altavista Community Development Committee Corp reported income of $84k and spending of $77k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $54k to $84k (+56%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Altavista Community Development Committee Corp sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Town of Mayesville Community Development Corporation ($84k), Mercer Island Community Fund ($84k) and Dmsca Supplier Development Foundation ($84k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.