Central Midlands Development Corporation

Analysis

Central Midlands Development Corporation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2023, Central Midlands Development Corporation reported income of $131k and spending of $1,598, leaving 99% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $565k to $131k (-77%), an average of -52% a year. The sharpest change came in the year to June 2022, when income dropped by 71%. Over the whole period it spent 3.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Midlands Development Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Cherokee County Sheriffs Foundation Inc ($131k), National Association of University Forest Resources Programs Naufrp ($131k) and Hibbing College Foundation ($131k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $865k against liabilities of $1,107, net assets of $864k.