Midwest Community Real Estate Corporation

Analysis

Midwest Community Real Estate Corporation is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in October 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Midwest Community Real Estate Corporation reported income of $2.2m and spending of $2.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.2m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midwest Community Real Estate 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 87th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Broad Hollow Bioscience Park Inc ($2.2m), Walhalla Civic Auditorium Inc ($2.2m) and Vip Vocational Services Inc Cape Girardeau Community Shelter ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $35.1m against liabilities of $46.4m, net assets of -$11.4m.