Thomasville Community Development Corporation

Analysis

Thomasville Community Development Corporation is a registered charity in United States, based in Thomasville, GA. It received its IRS tax-exemption ruling in October 2022, 4 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 December 2023, Thomasville Community Development Corporation reported income of $309k and spending of $261k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $250k to $309k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thomasville Community Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within GA. Charities of a similar size with the same main cause include Anaconda Local Development Corp ($309k), Port Main Street Inc ($309k) and American Aerospace Technical Academy Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $131k (50% of expenses). At year end it held assets of $497k against liabilities of $4,102, net assets of $493k. It reported 1 employees.