City with Dwellings Community First Initiative

Analysis

City with Dwellings Community First Initiative is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, City with Dwellings Community First Initiative reported income of $720k and spending of $702k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $720k (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City with Dwellings Community First Initiative sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Cani S Center for Community & Economic Development ($720k), Valley Assisited Living Inc ($720k) and West Jackson Community Development ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $421k (60% of expenses). At year end it held assets of $426k against liabilities of $301k, net assets of $125k. It reported 36 employees.