Maple Grove Development Corporation I

Analysis

Maple Grove Development Corporation I is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in July 2015, 11 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, Maple Grove Development Corporation I reported income of $2.7m and spending of $3.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.7m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maple Grove Development Corporation I 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 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Saranam LLC ($2.7m), Community Living Opportunities Inc ($2.7m) and MP Preservation Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Other salaries and wages came to $410k. At year end it held assets of $19.4m against liabilities of $8.0m, net assets of $11.4m.