McMullen County Community Development Corporation

Analysis

McMullen County Community Development Corporation is a registered charity in United States, based in Tilden, TX. It received its IRS tax-exemption ruling in July 2004, 22 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, McMullen County Community Development Corporation reported income of $478k and spending of $344k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $478k (+1100%), an average of +86% a year. The sharpest change came in the year to December 2020, when income rose by 301%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McMullen County Community Development Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Venture Central Inc ($478k), CBCT Building Futures ($478k) and Restoration Project Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.0% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.