Martindale-Brightwood Community Development Corporation

Analysis

Martindale-Brightwood Community Development Corporation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1993, 33 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, Martindale-Brightwood Community Development Corporation reported income of $3.1m and spending of $2.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $3.1m (+399%), an average of +49% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Martindale-Brightwood Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Sunnycrest Village ($3.1m), Westside Ministries Inc ($3.1m) and Plymouth Area Coalition for the Homeless ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $455k. At year end it held assets of $4.3m against liabilities of $2.1m, net assets of $2.2m. It reported 17 employees.