Sustainable Muncie Corp

Analysis

Sustainable Muncie Corp is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in June 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, Sustainable Muncie Corp reported income of $796k and spending of $689k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $796k (+78%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sustainable Muncie Corp sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Greater Shreveport Chamber Foundation ($796k), Island Mountain Community Development Financial Institution ($797k) and Homes on the Hill Community Development Corporation ($796k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $21k (3.1% of expenses). Other salaries and wages came to $159k. At year end it held assets of $4.7m against liabilities of $4.2m, net assets of $550k. It reported 10 employees.