Azure Community Development

Analysis

Azure Community Development is a registered charity in United States, based in Montebello, CA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Azure Community Development reported income of $111k and spending of $222k, spending 199% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $200k to $111k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Azure Community Development sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Tri-Cities Terrace South ($111k), Mountaineer Development Corporation ($111k) and LF Bella Vista Apartments Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $5.0m against liabilities of $4.7m, net assets of $223k.