Rbca Community Development Corporation

Analysis

Rbca Community Development Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 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, Rbca Community Development Corporation reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $975k to $2.0m (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rbca Community Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Jay Shop Inc ($2.0m), Green Mountain Community Networkinc ($2.0m) and Hawaii Local 2030 Hub ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $267k. At year end it held assets of $528k against liabilities of $137k, net assets of $391k. It reported 41 employees.