Macedonia Community Development Corporation

Analysis

Macedonia Community Development Corporation is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Macedonia Community Development Corporation reported income of $72k and spending of $77k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $72k (+148%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 118% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Macedonia Community Development Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Christopher Bremer Memorial Foundation Inc ($72k), New England Otolaryngological Society Inc ($72k) and Greater Boston Nursing Collective Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $30k (39% of expenses). Other salaries and wages came to $28k. At year end it held assets of $31k against liabilities of $2,794, net assets of $28k. It reported 1 employees.