Cambridge Waterfront Development Inc

Analysis

Cambridge Waterfront Development Inc is a registered charity in United States, based in Cambridge, MD. It received its IRS tax-exemption ruling in June 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 December 2023, Cambridge Waterfront Development Inc reported income of $537k and spending of $206k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $537k (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 4834%. Over the whole period it spent 9.5% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cambridge Waterfront Development Inc 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 MD. Charities of a similar size with the same main cause include West Bronx Housing and Neighborhood Resource Center Inc ($537k), Short North Special Improvement District Inc ($537k) and East Side Renaissance Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% of the total. At year end it held assets of $8.4m against liabilities of $894k, net assets of $7.5m.