Benton Harbor Community Development Corporation

Analysis

Benton Harbor Community Development Corporation is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Benton Harbor Community Development Corporation reported income of $393k and spending of $281k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $270k to $393k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Benton Harbor Community Development Corporation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include The Heart of Ida ($393k), Society of St Vincent de Paul Basilica of St Mary Conference ($393k) and Family Crisis Shelter of Montgomery County Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $290k against liabilities of $0, net assets of $290k. It reported 5 employees.