Cdfi Friendly South Bend

Analysis

Cdfi Friendly South Bend is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cdfi Friendly South Bend reported income of $687k and spending of $136k, leaving 80% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $566k to $687k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 1080%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cdfi Friendly South Bend sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Pine Banks Park Foundation ($687k), Invest in Neighborhoods Inc ($688k) and Shore Foundation ($687k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $85k (63% of expenses). At year end it held assets of $914k against liabilities of $1,788, net assets of $913k. It reported 1 employees.