Mineola Civic Center Inc

Analysis

Mineola Civic Center Inc is a registered charity in United States, based in Mineola, TX. It received its IRS tax-exemption ruling in February 1973, 53 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mineola Civic Center Inc reported income of $406k and spending of $117k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $555k to $406k (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income dropped by 133%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mineola Civic Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Coastal Police Chaplaincy ($406k), Lawton Enhancement Trust Authority ($406k) and Montgomery Area Chamber of Commerce Foundation Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $43k (36% of expenses). At year end it held assets of $4.2m against liabilities of $9,523, net assets of $4.2m. It reported 8 employees.