Community Development Corporation of Utah

Analysis

Community Development Corporation of Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Development Corporation of Utah reported income of $14.5m and spending of $14.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $14.5m (+765%), an average of +72% a year. The sharpest change came in the year to June 2023, when income rose by 429%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Development Corporation of Utah sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Pico-Union Housing Corporation ($14.5m), Habitat for Humanity International Inc ($14.5m) and Hale Mahaolu ($14.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $411k (2.8% of expenses). Other salaries and wages came to $829k. At year end it held assets of $21.1m against liabilities of $18.8m, net assets of $2.3m. It reported 23 employees.