Micronesia Community Development Corporation

Analysis

Micronesia Community Development Corporation is a registered charity in United States, based in Barrigada, GU. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Micronesia Community Development Corporation reported income of $70k and spending of $74k, spending 105% of what it took in. Across the 4 years on record, from December 2017 to December 2022, income fell from $296k to $70k (-76%), an average of -38% a year. The sharpest change came in the year to December 2018, when income dropped by 59%. Over the whole period it spent 151% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Micronesia Community Development Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 18th percentile within GU. Charities of a similar size with the same main cause include Progress Club Foundation Inc ($70k), Christmas in July Inc ($70k) and Taylor Made Foundation ($70k).

Other salaries and wages came to $67k. At year end it held assets of $858k against liabilities of $484k, net assets of $374k. It reported 4 employees.