Michigan City Urban Enterprise Association Inc

Analysis

Michigan City Urban Enterprise Association Inc is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in December 1984, 42 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, Michigan City Urban Enterprise Association Inc reported income of $71k and spending of $117k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $35k to $71k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 240% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan City Urban Enterprise Association Inc 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 25th percentile within IN. Charities of a similar size with the same main cause include Twic East Community Association-Usa ($71k), Northport - East Northport Kiwanis Charitable Foundation ($71k) and Naval Officers Spouses Club of San ($71k).

At year end it held assets of $194k against liabilities of $5,072, net assets of $189k.