CDC Small Business Finance Corp

Analysis

CDC Small Business Finance Corp is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2021, 5 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, CDC Small Business Finance Corp reported income of $27.6m and spending of $26.5m, spending 96% of its income. Across the 6 years on record, from September 2019 to December 2023, income grew from $22.5m to $27.6m (+23%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 337%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CDC Small Business Finance Corp 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 Workforce Solutions for South Texas ($27.6m), Centers for Habilitation TCH ($27.8m) and Opportunity Partners Inc ($27.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $921k (3.5% of expenses). Other salaries and wages came to $12.1m. At year end it held assets of $118.5m against liabilities of $53.3m, net assets of $65.3m. It reported 192 employees.