Mack Avenue Community Church Community Development Corporation

Analysis

Mack Avenue Community Church Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 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 August 2023, Mack Avenue Community Church Community Development Corporation reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $797k to $1.4m (+74%), an average of +32% a year. The sharpest change came in the year to August 2022, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mack Avenue Community Church Community Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Community Development Advocates of Detroit ($1.4m), Interfaith Movement for Human Integrity ($1.4m) and Northern Manhattan Coalition for Immigrants Rights ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $95k (7.0% of expenses). Other salaries and wages came to $427k. At year end it held assets of $2.5m against liabilities of $760k, net assets of $1.7m. It reported 14 employees.