Historic Midtown Development Group

Analysis

Historic Midtown Development Group is a registered charity in United States, based in Sikeston, MO. It received its IRS tax-exemption ruling in January 2006, 20 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 (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, Historic Midtown Development Group reported income of $66k and spending of $76k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $66k (-5.0%), an average of -5.0% a year. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Historic Midtown Development Group sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MO. Charities of a similar size with the same main cause include Treasures of Joy Corporation ($66k), Fund Community Institute ($66k) and Visitors Bureau of Highland County ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $27k, net assets of -$4,161.