Mayfair Community Development Corp

Analysis

Mayfair Community Development Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 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 (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, Mayfair Community Development Corp reported income of $76k and spending of $55k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $76k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mayfair Community Development Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Redneck Culinary Academy ($76k), Brazos Bend State Park Volunteer Organization ($76k) and Midtown and East Phillips Neighborhood Association Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $79k against liabilities of $2,150, net assets of $77k.