Downtown Hyannis Community Development Corp

Analysis

Downtown Hyannis Community Development Corp is a registered charity in United States, based in Hyannis, MA. 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, Downtown Hyannis Community Development Corp reported income of $252k and spending of $246k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $252k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. 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, Downtown Hyannis Community Development Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Blakeslee Community Association ($252k), Harrison House of Hope ($252k) and Medfield Foundation Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.