Memorial Community Development Corporation

Analysis

Memorial Community Development Corporation is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Memorial Community Development Corporation reported income of $2.9m and spending of $3.0m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.2m to $2.9m (-9.0%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memorial Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include The Gospel Mission ($2.9m), D M Ministries Community Development Corporation ($2.9m) and Otr Resources ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $708k. At year end it held assets of $6.3m against liabilities of $940k, net assets of $5.3m. It reported 93 employees.