Moravia Park Community Development Corporation

Analysis

Moravia Park Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2002, 24 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, Moravia Park Community Development Corporation reported income of $294k and spending of $204k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $523k to $294k (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 397%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Moravia Park Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Bay Area Houston Advanced Technology Consortium ($294k), Jefferson County Development Corporation ($294k) and Ferguson Road Initiative ($294k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 38% of the total. Compensation of current officers, directors and key employees was $63k (31% of expenses). Other salaries and wages came to $36k. At year end it held assets of $3.0m against liabilities of $213k, net assets of $2.7m. It reported 5 employees.