MBCDC the Jefferson Corporation

Analysis

MBCDC the Jefferson Corporation is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, MBCDC the Jefferson Corporation reported income of $277k and spending of $272k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $228k to $277k (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2022, when income rose by 36%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MBCDC the Jefferson Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Westown Jubilee Housing ($277k), St Matthew Housing Development Inc ($277k) and Patrick Manor Inc ($277k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.1m against liabilities of $357k, net assets of $740k.