Marshalltown Central Business District Inc MCBD

Analysis

Marshalltown Central Business District Inc MCBD is a registered charity in United States, based in Marshalltown, IA. It received its IRS tax-exemption ruling in November 2015, 11 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 December 2023, Marshalltown Central Business District Inc MCBD reported income of $227k and spending of $185k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $322k to $227k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marshalltown Central Business District Inc MCBD sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within IA. Charities of a similar size with the same main cause include Jacksonville Fraternal Order of Police Foundation Inc ($227k), Jacksonville Onslow Economic Development Partnership ($227k) and Alliance of Women in Workers Compensation ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $53k. At year end it held assets of $195k against liabilities of $1,822, net assets of $193k. It reported 1 employees.