Madisonville Community Urban Redevelopment Corporation

Analysis

Madisonville Community Urban Redevelopment Corporation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Madisonville Community Urban Redevelopment Corporation reported income of $126k and spending of $167k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $126k (-70%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Madisonville Community Urban Redevelopment Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Brighter Choice Foundation Inc ($126k), Liberty County Manna House ($126k) and North Arkansas Medical Foundation ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.8m against liabilities of $272k, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.