Allapattah Collaborative Community Development Corporation

Analysis

Allapattah Collaborative Community Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2020, 6 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 2022, Allapattah Collaborative Community Development Corporation reported income of $579k and spending of $677k, spending 117% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $683k to $579k (-15%), an average of -7.9% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Allapattah Collaborative Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Keith County Area Development Inc ($579k), Downtown Danville Association ($579k) and The Axiom Advancement Corporation ($579k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (15% of expenses). Other salaries and wages came to $195k. At year end it held assets of $410k against liabilities of $2,555, net assets of $407k. It reported 6 employees.