Category Archives: Funding

Funding Sources

overall2

CDC Funding SourcesPercentage of Receiving OrganizationsPercentage of Receiving Organizations (Substantial)
Individual Donors59%10%
Foundations55%17%
MSHDA Grant46%13%
HOME42%23%
CDBG41%9%
Financial Institutions38%3%
NSP1, 2, and 331%17%
Earned Income30%11%
Other28%10%
HUD Other27%14%
City Govt25%6%
Faith-based Institutions24%3%
State Govt Other23%9%
Federal Home Loan Bank17%0%
LISC17%3%
USDA17%3%
Federal Govt Other16%6%
LIHTC14%7%
CNCS and MCSC13%4%
Endowment11%0%
HHS9%4%
DDA/TIF6%0%
CDFI3%0%

top-funders

Changes in Funding Received by CDCs Since 2008FoundationsMSHDA GrantsCDBG FundsEarned Income
Increased44%48%24%67%
Decreased 8% 27%48%10%
No Change31%15%10%10%

methods-outreach2

“We do everything but hire the Goodyear blimp: direct mail, events, employee gift matching, volunteers, church budget line item or collections.”

CDCs wrote what they find to be the most important method of outreach to funders. Responses fit into the following categories. For CDCs with no funders, most funds come from earned income like rent or developer’s fees.

Most Important Methods of OutreachPercentage
Face to Face51%
Communications and Grant Reporting50%
Events11%
Grant Applications10%
No Funders5%
Gift or Grant Matching4%

Annual Operating Budget

With a range from virtually nothing upwards to over $10 million dollars, there is quite a variance in what is happening in the community economic development industry. The majority of respondents had smaller to mid-range budgets and were, for the most part, as likely to see an increase in budget over the past two years as a decrease or no change at all.

operational-budget

Annual Operating Budget2012 Data2008 Data
$0 - $490,00038%42%
$1.1 million - $5 million27%24%
$500,000 - $1 million14%12%
$10 million +13%9%
$5.1 million - $10 million8%13%
change-op-budget

 

Operational BudgetPercentage
Decreased41%
Increased36%
No Change23%