Citizens Development Center

Analysis

Citizens Development Center is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Citizens Development Center reported income of $6.2m and spending of $6.0m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $6.2m (+136%), an average of +24% a year. The sharpest change came in the year to August 2021, when income rose by 83%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens Development Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Chicagoland Entrepreneurial Center ($6.2m), Commonwealth Kitchen Inc ($6.2m) and National Council of Jewish Women Incorporated ($6.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $338k (5.7% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $2.8m against liabilities of $201k, net assets of $2.6m. It reported 987 employees.