Community Development Project Inc

Analysis

Community Development Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, Community Development Project Inc reported income of $7.4m and spending of $7.2m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $7.5m to $7.4m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Project Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Cascade Pacific Resource Conservation & Development ($7.4m), Clean & Safe Inc ($7.4m) and Texas Organizing Project Education Fund ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $416k (5.8% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $4.8m against liabilities of $1.9m, net assets of $2.9m. It reported 62 employees.