Community Development Corporation of Brownsville Inc

Analysis

Community Development Corporation of Brownsville Inc is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Community Development Corporation of Brownsville Inc reported income of $21.3m and spending of $21.7m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.8m to $21.3m (+117%), an average of +21% a year. The sharpest change came in the year to September 2021, when income rose by 70%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Development Corporation of Brownsville Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include The Glebe Inc ($21.1m), Oakwood Village Prairie Ridge Homes Inc ($21.3m) and Greater Minnesota Housing Fund ($21.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $271k (1.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $66.2m against liabilities of $44.6m, net assets of $21.6m. It reported 104 employees.