Community Development Corporation of Mishawaka Indiana

Analysis

Community Development Corporation of Mishawaka Indiana is a registered charity in United States, based in Mishawaka, IN. It received its IRS tax-exemption ruling in May 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Development Corporation of Mishawaka Indiana reported income of $2.0m and spending of $1.7m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Development Corporation of Mishawaka Indiana sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include International Coalition of Girls Schools Inc ($2.0m), Innovate PGH Partnership ($2.0m) and Pitt County Committee of 100 Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $13k (0.8% of expenses). Other salaries and wages came to $938k. At year end it held assets of $1.1m against liabilities of $764k, net assets of $287k. It reported 26 employees.