Anna Community Development Corporation

Analysis

Anna Community Development Corporation is a registered charity in United States, based in Anna, TX. It received its IRS tax-exemption ruling in June 2011, 15 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, Anna Community Development Corporation reported income of $2.7m and spending of $1.6m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $2.7m (+139%), an average of +24% a year. The sharpest change came in the year to September 2022, when income rose by 193%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anna Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Natick Service Council Inc ($2.7m), California Emerging Technology Fund ($2.7m) and Genesee Gateway Local Development Corporation ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $9.3m against liabilities of $2.5m, net assets of $6.7m.