McKinney Downtown Business Redevelopment Board Inc

Analysis

McKinney Downtown Business Redevelopment Board Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, McKinney Downtown Business Redevelopment Board Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $998k to $1.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 127%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, McKinney Downtown Business Redevelopment Board Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Atled Inc ($1.3m), Vilna Shul Boston Center for Jewish Culture Inc ($1.3m) and American Association of Teachers of German Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $712k against liabilities of $188k, net assets of $523k. It reported 1 employees.