Midlands Community Development Corporation

Analysis

Midlands Community Development Corporation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1999, 27 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Midlands Community Development Corporation reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $822k to $1.5m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 234%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midlands Community Development Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Catholic Charities Housing Association of Jacksonville Inc ($1.5m), Cjca Development Inc ($1.5m) and Pacem ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $654k. At year end it held assets of $1.7m against liabilities of $79k, net assets of $1.6m. It reported 35 employees.