Hickory Ridge Mall CD Corporation

Analysis

Hickory Ridge Mall CD Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hickory Ridge Mall CD Corporation reported income of $3.0m and spending of $2.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.0m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hickory Ridge Mall CD Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Power Interfaith ($3.0m), Impact Online Inc ($3.0m) and Bme Networks ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $164k. At year end it held assets of $6.7m against liabilities of $341k, net assets of $6.4m.