BDC Community Capital Corp

Analysis

BDC Community Capital Corp is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in April 2019, 7 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, BDC Community Capital Corp reported income of $969k and spending of $934k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $166k to $969k (+482%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 388%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, BDC Community Capital Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Lawrenceburg Main Street Inc ($969k), Access Community Capital ($969k) and Healthy Bourbon County Action Team Inc ($968k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $7.8m against liabilities of $6.3m, net assets of $1.5m.