Nogales Community Development Corporation

Analysis

Nogales Community Development Corporation is a registered charity in United States, based in Nogales, AZ. It received its IRS tax-exemption ruling in December 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 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, Nogales Community Development Corporation reported income of $237k and spending of $334k, spending 141% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $973k to $237k (-76%), an average of -30% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nogales Community Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within AZ. Charities of a similar size with the same main cause include Michigan Association of Centers for Independent Living ($237k), Parnassah Network Inc ($237k) and Pottsville Area Development Corp ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). Other salaries and wages came to $16k. At year end it held assets of $4.1m against liabilities of $997k, net assets of $3.1m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.