Tangi Community Development Corporation

Analysis

Tangi Community Development Corporation is a registered charity in United States, based in Amite, LA. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tangi Community Development Corporation reported income of $525k and spending of $500k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $90k to $525k (+483%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 337%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tangi Community Development Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include Urban Commonwealth CDC Inc ($525k), Rhemas Gentle Care Child Development Center ($525k) and Mt Carmel Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $168k. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $47k. It reported 4 employees.