Moravian Developement Corp

Analysis

Moravian Developement Corp is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Moravian Developement Corp reported income of $1.4m and spending of $570k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.4m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 145%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Moravian Developement Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Cardinal Yu Pin Memorial Foundation ($1.4m), Jubilee Womens Center ($1.4m) and Cdcli Housing Development Fund Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $14.7m against liabilities of $272k, net assets of $14.4m. It reported 16 employees.