Center for Community Wealth Building

Analysis

Center for Community Wealth Building is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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 June 2023, Center for Community Wealth Building reported income of $1.9m and spending of $1.1m, leaving 43% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.1m to $1.9m (+81%), an average of +80% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Community Wealth Building sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include World Trade Center Institute Inc ($1.9m), Ann Norton Sculpture Gardens Inc ($1.9m) and Florida Bandmasters Association Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $96k (8.8% of expenses). Other salaries and wages came to $479k. At year end it held assets of $2.1m against liabilities of $493k, net assets of $1.6m. It reported 10 employees.