The Carver Development Board

Analysis

The Carver Development Board is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 1987, 39 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 September 2023, The Carver Development Board reported income of $339k and spending of $371k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $244k to $339k (+39%), an average of +8.6% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Carver Development Board sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Bluegrass Training Consortium ($339k), First African Community Development Corporation ($339k) and Kirkland Downtown Association ($338k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 21% of the total. Other salaries and wages came to $80k. It paid $18k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $90k, net assets of $2.1m. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.