Modesto Improvement Partnership Inc

Analysis

Modesto Improvement Partnership Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Modesto Improvement Partnership Inc reported income of $895k and spending of $1.1m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $895k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Modesto Improvement Partnership Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Downtown Riverfront Trust ($894k), Yakima Specialties Inc ($896k) and Corry Community Foundation ($894k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $114k (10% of expenses). Other salaries and wages came to $203k. At year end it held assets of $914k against liabilities of $295k, net assets of $619k. It reported 5 employees.