Decatur Morgan County Minority Development Assn

Analysis

Decatur Morgan County Minority Development Assn is a registered charity in United States, based in Decatur, AL. It received its IRS tax-exemption ruling in June 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Decatur Morgan County Minority Development Assn reported income of $117k and spending of $101k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $51k to $117k (+129%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Decatur Morgan County Minority Development Assn sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within AL. Charities of a similar size with the same main cause include Volunteer Center of Morgan County ($117k), India Association of Oklahoma ($117k) and Howard Community Healthcare Foundation Inc ($117k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $19k. At year end it held assets of $243k against liabilities of $145k, net assets of $98k. It reported 1 employees.