Community Development Finance

Analysis

Community Development Finance is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2023, Community Development Finance reported income of $7.0m and spending of $1.2m, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $282k to $7.0m (+2380%), an average of +123% a year. The sharpest change came in the year to June 2023, when income rose by 2010%. Over the whole period it spent 29% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Finance sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Lowcountry Community Action Agency 807 Hampton ($7.0m), River City Food Bank ($7.0m) and Nine Star Enterprises Inc ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. Other salaries and wages came to $235k. At year end it held assets of $7.1m against liabilities of $128k, net assets of $6.9m. It reported 3 employees.