Community Investment Corporation

Analysis

Community Investment Corporation is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in May 1997, 29 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Investment Corporation reported income of $2.1m and spending of $3.1m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $829k to $2.1m (+150%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 755%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Investment Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within AZ. Charities of a similar size with the same main cause include Grand Chapter of Pennsylvania Order of the Eastern Star Inc ($2.1m), Share Your Care Inc ($2.1m) and Southern Foundation for Homeless ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $335k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.4m against liabilities of $3.1m, net assets of $3.3m. It reported 23 employees.