Maysville Initiatives Inc

Analysis

Maysville Initiatives Inc is a registered charity in United States, based in Maysville, KY. It received its IRS tax-exemption ruling in November 1997, 29 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 June 2024, Maysville Initiatives Inc reported income of $108k and spending of $134k, spending 124% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $174k to $108k (-38%), an average of -9.2% a year. The sharpest change came in the year to June 2020, when income dropped by 47%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maysville Initiatives Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within KY. Charities of a similar size with the same main cause include Little Italy 2000 Redevelopment Corporation ($108k), Harsens Island Waterfowl Hunters Association ($108k) and Centro de Investigacion Y Politica Publica ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $400k against liabilities of $5,582, net assets of $394k.