Mt Gilead Community Development Corporation

Analysis

Mt Gilead Community Development Corporation is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Mt Gilead Community Development Corporation reported income of $593k and spending of $518k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $364k to $593k (+63%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mt Gilead Community Development Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Friends of Bais Yisroel ($593k), American Friends of Shay Olamot Inc ($593k) and Solomon Center Inc ($593k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $141k. At year end it held assets of $89k against liabilities of $0, net assets of $89k. It reported 2 employees.