Macedonia Real Estate Community Development Corporation of Eatonvi

Analysis

Macedonia Real Estate Community Development Corporation of Eatonvi is a registered charity in United States, based in Eatonville, FL. It received its IRS tax-exemption ruling in March 2018, 8 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 2022, Macedonia Real Estate Community Development Corporation of Eatonvi reported income of $85k and spending of $123k, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $117k to $85k (-27%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 151% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Macedonia Real Estate Community Development Corporation of Eatonvi sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Christian Love Help Center Inc ($85k), Pedigo Apartments Inc I ($85k) and Maxcen Housing Society Inc Illinois Branch ($85k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $1.5m, net assets of -$111k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.