Murray County Developmental Center Inc

Analysis

Murray County Developmental Center Inc is a registered charity in United States, based in Chatsworth, GA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. Its declared purposes cover employment, 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 June 2023, Murray County Developmental Center Inc reported income of $422k and spending of $454k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $422k (-65%), an average of -30% a year. The sharpest change came in the year to June 2021, when income dropped by 63%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Murray County Developmental Center Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include University District Development Association ($422k), Suits for Seniors Inc ($423k) and Human Solidarity Project Inc ($421k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $249k. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.1m. It reported 8 employees.

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.