Mary Harvin Transformation Centercommunity Development Corporation

Analysis

Mary Harvin Transformation Centercommunity Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2011, 15 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 2022, Mary Harvin Transformation Centercommunity Development Corporation reported income of $1.7m and spending of $103k, leaving 94% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.7m (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 6.2% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mary Harvin Transformation Centercommunity Development Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Oregon Rehabilitation Association ($1.7m), Foundation for Colorado Springs Future Inc ($1.7m) and United Enterprises II Inc ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $11.9m against liabilities of $5.1m, net assets of $6.8m.