Moline Community Development Corporation NFP

Analysis

Moline Community Development Corporation NFP is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in April 2010, 16 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, Moline Community Development Corporation NFP reported income of $73k and spending of $132k, spending 182% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $73k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Moline Community Development Corporation NFP sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Southwest Michigan Millwright Contractors Industrial Fund Inc ($72k), Agape Love in Action Inc ($73k) and President Theatre Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.6% of the total. At year end it held assets of $69k against liabilities of $10k, net assets of $59k.