CITC: 2014 By the Numbers

The Community Investment Tax Credit was highly successful in its first year. Check out the financials that highlight how CDCs dramatically increased and recognized donations from individuals, businesses and foundations.

Increasing an organization's financial support is critical, but how these funds impact the organization, how they develop new programs and expand upon their existing programs and services is equally important to understanding how the Community Investment Tax Credit performed in its first year.  Don't forget to check out the table highlighting how CDCs applied these funds to stabilize and grow their organization.

Taxpayer Type

Instances

Donation Amount

% of Total Raised

Average (Mean)

Construction

47  $220,240 5% $4,685.96

Accounting Services

23

$61,200 1% $2,660.87 

Transportation/

Communications/Utilities

3 $19,000 0% $6,333.33

Wholesale/Retail Trade

20 $99,500 2% $4,975.00

Finance Institution

89 $1,092,650 23% $12,276.97

Insurance/Real Estate

41 $158,000 3% $3,853.66

Business Services

22 $40,190 1% $1,826.82

Health Services

8 $24,741 1% $3,092.63

Legal Services

24 $64,950 1% $2,706.25

Education Services

3 $8,000 0% $2,666.67

Individuals

610

$1,945,518 41% $3,189.37

Other

124 $976,009

21%

$7,871.04

Total

1014

4,709,998 100%  

 

2014 CITC GOALs Numbers

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CATEGORIES  YES NO
Organizational Goals     
CDC Expanded Goals 64% 36%
CITC Impact on Organizational Community Engagement    
Organization expanded community engagement 89%  11%
Increased Volunteerism 58% 42%
Increased Board of Directors engagement 67% 33%
Increased Board of Directors diversity 19% 81% 
New Committee 50% 50% 
Increased Attendance at events 58% 42%
Other 42% 58%
CITC Impact on Organizational Activities     
Organization expanded activities  81%  19% 
Real Estate Development 56% 44% 
Housing Services 33% 67% 
Small Business Assistance  22% 78%
Job Training/Workforce Development 25% 75%
Financial Stability Services 33% 67%
ESOL or Adult Basic Education  6% 94%
Youth or Elder Programs 25% 75%
Arts, Cultural Programs, or Community Festivals 25% 75% 
Leaders/Community Organizing  50%  50%
Other Activities  25% 75% 
CITC Impact on Organizational Funding    
Leverage non-CITC funding  75%  25%
Expect Operating Budget Increase 89% 11%
CITC Impact on Organizational Capacity    
Operational Capacity Increased  83% 17%
Program Staffing  61% 39% 
Fundraising Staffing  36% 64%
Other Staffing 17% 83% 
Staff Training/ Prof Dev 28% 72%
Information Systems 28%  72%
Communication Systems 33% 67% 
Space or Equipment  19%  81%