North Florida Community Development Corporation

Analysis

North Florida Community Development Corporation is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Florida Community Development Corporation reported income of $86k and spending of $84k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1,070 to $86k (+7959%), an average of +7959% a year. The sharpest change came in the year to December 2023, when income rose by 7959%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Florida Community Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Dekalb County Nursing Home Foundation Inc ($86k), South Shore Neighborhood Development Corporation ($86k) and Ashland County Land Reutilization Corporation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,533 against liabilities of $0, net assets of $2,533.