Texas Association of Community Development Corporations

Analysis

Texas Association of Community Development Corporations is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2023, Texas Association of Community Development Corporations reported income of $675k and spending of $763k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $675k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texas Association of Community Development Corporations sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Christian Missionary Technical Services Inc ($675k), National Assistance League ($675k) and Oklahoma Association of Area Agencies on Aging ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $121k (16% of expenses). Other salaries and wages came to $186k. At year end it held assets of $739k against liabilities of $46k, net assets of $693k. It reported 5 employees.