Mexicantown Community Development Corporation

Analysis

Mexicantown Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mexicantown Community Development Corporation reported income of $142k and spending of $129k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $66k to $142k (+117%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 165%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mexicantown Community Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Gentilly Festival Inc ($142k), Planet Love Joy Inc ($142k) and Redeem United Inc ($142k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 62% of the total. At year end it held assets of $5.1m against liabilities of $1.2m, net assets of $3.9m.