Metro Community Development Corporation

Analysis

Metro Community Development Corporation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Metro Community Development Corporation reported income of $326k and spending of $387k, spending 119% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $5.4m to $326k (-94%), an average of -43% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metro Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MS. Charities of a similar size with the same main cause include The Junior League of Durham and Orange Counties Inc ($326k), Xcelerate Women ($326k) and Community Capital of Vermont Inc ($326k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 49% of the total. Other salaries and wages came to $125k. At year end it held assets of $6.1m against liabilities of $23k, net assets of $6.0m.