Market District Improvement Corporation

Analysis

Market District Improvement Corporation is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in May 2014, 12 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 2022, Market District Improvement Corporation reported income of $681k and spending of $525k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $400k to $681k (+70%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Market District Improvement Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include W L C Management Company Inc ($681k), Galvan Housing Resources Inc ($683k) and Cortland County Convention & Visitors Bureau Inc ($681k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $431k against liabilities of $49k, net assets of $382k.