CBC Development Center

Analysis

CBC Development Center is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, CBC Development Center reported income of $196k and spending of $196k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $196k (-1.3%), an average of -1.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, CBC Development Center sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Arkansas Association of Conservation District ($196k), Loving Hands Ministries Inc ($196k) and Placer People of Faith Together ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,500 against liabilities of $0, net assets of $3,500.