Resources for Community Development

Analysis

Resources for Community Development is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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, Resources for Community Development reported income of $34.0m and spending of $22.9m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $15.6m to $34.0m (+117%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 150%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Resources for Community Development sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Centro de Servicios Primarios de Salud de Patillas Inc ($34.0m), Whitefield Academy Inc ($34.0m) and Interagency Council of Developmental Disabilities Agencie ($33.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $428k (1.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $105.1m against liabilities of $33.3m, net assets of $71.8m. It reported 55 employees.